The SEADRIF Insurance Company and the United Nations World Food Programme (WFP) have launched an impact-based disaster risk insurance policy in Laos. In a press release by WFP, the policy provides pre-arranged financing of up to $1.1m to support communities affected by extreme weather and other natural hazards, complementing the government's existing sovereign policy, which provides financial protection for national disaster response efforts.
The Asian Development Bank (ADB) has issued its first Disaster Relief Bond (DRB) offerings, also known as CAT bonds, in the Kyrgyz Republic and Tajikistan.
The Insurers Federation of Egypt (IFE) has advocated for the development of a broader range of sustainable insurance products that meet environmental, social, and governance (ESG) standards.
Lockton has announced the appointments of Mr Jaideep "Jay" Sharma as CEO of Lockton India, subject to regulatory approval, and Mr Nicholas "Nick" Lee as CEO Designate of Malaysia, of Lockton Sime.
African Reinsurance Corporation (Africa Re), together with a consortium of insurers and development partners and the Lagos State Government, has launched the Lagos Flood Risk Insurance Policy, sub-Saharan Africa's first parametric flood insurance solution.
Around one third (31%) of Australians have experienced wild weather damage to their property or vehicle since 2021, according to new research published by NRMA Insurance Company.
A potential risk facing Australia is the reoccurrence of El Nino in August, which has an 80% probability of taking place.
The Insurance Council of Australia (ICA) has urged the federal parliamentary inquiry into local government funding and fiscal sustainability to increase support for local councils to strengthen flood defences amid more frequent extreme weather events.
Economic losses from natural disasters in APAC reached at least $76bn in 2025, driven largely by the devastating Myanmar earthquake, widespread flooding in China and South and southeast Asia, and a series of high-impact cyclones.
New Zealand has experienced a record 46 storms over the past 12 months, leading to an exponential increase in insurance claims, according to data from IAG New Zealand.