Earthquake – InsuranceAsia News https://insuranceasianews.com/industry_segments/earthquake/ Wed, 10 Dec 2025 05:30:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Japan downgrades loss estimates from a potential Tokyo earthquake to US$530bn https://insuranceasianews.com/japan-downgrades-loss-estimates-from-a-potential-tokyo-earthquake-to-us530bn/ Wed, 10 Dec 2025 05:22:44 +0000 https://insuranceasianews.com/?p=206510 A 7.3-magnitude earthquake hitting the metropolitan area could also kill 18,000 people in the worst-case scenario, the draft government estimate showed.

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Japan has revised down estimates of the death toll and economic losses from a potentially powerful earthquake that has a high chance of occurring beneath Tokyo and nearby areas within the next few dec...

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]]> Japan issues megaquake alert after 7.5-magnitude earthquake https://insuranceasianews.com/japan-issues-megaquake-alert-after-7-5-magnitude-earthquake/ Tue, 09 Dec 2025 06:34:11 +0000 https://insuranceasianews.com/?p=206436 There is a slight increase in risk of a magnitude 8-level quake and possible tsunami occurring along Japan’s northeastern coast from Chiba, just east of Tokyo, to Hokkaido, according to the Japan Meteorological Agency.

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Japan has issued a megaquake warning after a 7.5-magnitude earthquake struck the northern part of the country on Monday.
The Japan Meteorological Agency (JMA) said there is a slight increase in risk o...

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]]> Japanese mega earthquake payouts could severely hurt insurers, economy: S&P Global https://insuranceasianews.com/payouts-from-mega-japanese-earthquakes-could-severely-hurt-insurers-economy-sp-global/ Tue, 18 Nov 2025 23:45:39 +0000 https://insuranceasianews.com/?p=204870 Agency estimates corporate earthquake-related claims of up to US$26.37bn for a Nankai Trough event and up to US$7bn for a Tokyo quake.

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Japan’s non-life insurers could face substantial financial pressure from two highly probable mega earthquakes, with potential claims large enough to weaken capital levels, strain profitability, and tr...

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]]> Magnitude 7.4 earthquake jolts Philippines even as Cebu losses mount https://insuranceasianews.com/magnitude-7-4-earthquake-jolts-philippines-tsunami-warnings-issued/ Fri, 10 Oct 2025 05:09:42 +0000 https://insuranceasianews.com/?p=201662 The country is still recovering from a 6.9 quake that struck off Cebu island on September 30 that left at least 74 people dead and displaced thousands.

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A magnitude 7.4 earthquake struck the east coast of the island of Mindanao, Philippines, on Friday, according to the US Geological Survey, with local authorities in the Philippines and Indonesia warni...

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]]> Eye in the sky expands tropical cyclone coverage across Australia, Japan to ‘fill the gap’ amid rising demand https://insuranceasianews.com/eye-in-the-sky-expands-tropical-cyclone-coverage-across-australia-japan-to-fill-the-gap-amid-rising-demand/ Mon, 06 Oct 2025 23:30:59 +0000 https://insuranceasianews.com/?p=201341 Finnish firm ICEYE is also close to launching an earthquake product in Japan, global head of insurance Stephen Lathrope tells InsuranceAsia News.

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Amid a growing appetite from insurers for granular catastrophe-related information in the Asia-Pacific region, satellite disaster management specialist ICEYE is expanding its coverage, with new tropic...

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]]> After Russia earthquake scare, is Japan’s resurgent nuclear industry really prepared for the ‘Big One’? https://insuranceasianews.com/after-russia-earthquake-scare-is-japans-resurgent-nuclear-industry-really-prepared-for-the-big-one/ Thu, 31 Jul 2025 23:30:31 +0000 https://insuranceasianews.com/?p=196461 8.8-magnitude earthquake which struck off Russia's far eastern coast on Wednesday triggered tsunami warnings across Japan and the wider Pacific region.

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It has been a testing week for Japan’s beleaguered Fukushima nuclear plant, with all 4,000 of its workers forced to be evacuated after a massive 8.8-magnitude earthquake struck off Russia's far easter...

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]]> Japan, Korea wildfires mark turning point in regional climate risk understanding: Willis https://insuranceasianews.com/japan-korea-wildfires-mark-turning-point-in-regional-climate-risk-understanding-willis/ Tue, 29 Jul 2025 06:22:26 +0000 https://insuranceasianews.com/?p=196268 Insured losses from nat cats 'will very likely' exceed US$100bn again this year, the broker said in a half-year report.

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 “The wildfire outbreaks in Japan and South Korea this year mark a turning point for how we understand climate risk in Southeast and East Asia,” according to Christopher Au, head of APAC climate risk ...

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]]> Tonga renews US$17m multi-peril cover with PCRIC https://insuranceasianews.com/tonga-renews-us17m-multi-peril-cover-with-pcric/ Fri, 18 Jul 2025 09:03:25 +0000 https://insuranceasianews.com/?p=195563 Renewed policy is expected to provide coverage for tropical cyclones, earthquakes, tsunamis, and droughts, and will have a US$1m premium contribution from the Tongan government.

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The Pacific island nation of Tonga has renewed its parametric insurance policy with the Pacific Catastrophe Risk Insurance Company (PCRIC) for the 2025/26 season.
Tonga’s renewed policy is expected to...

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]]> US$1.3bn Myanmar earthquake biggest non-US insured loss event in H1 2025 as global total tops US$84bn: Gallagher Re https://insuranceasianews.com/us1-3bn-myanmar-earthquake-biggest-non-us-insured-loss-event-in-h1-2025-as-global-total-tops-us84bn-gallagher-re/ Wed, 16 Jul 2025 07:45:06 +0000 https://insuranceasianews.com/?p=195330 ‘Psychological threshold’ question, the report says, is when will the insurance industry face its first US$200bn nominal annual loss year?

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The Myanmar earthquake in March is expected to cost insurers US$1.3 billion, making it the largest non-US insured loss event in the first half of the year, according to Gallagher Re's natural catastro...

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]]> HDI Global, Descartes collaborate to offer parametric earthquake cover in Japan https://insuranceasianews.com/hdi-global-descartes-collaborate-to-offer-parametric-earthquake-cover-in-japan/ Mon, 14 Jul 2025 08:00:57 +0000 https://insuranceasianews.com/?p=195116 Claims will be triggered based on thresholds measured by Japan Meteorological Agency’s shindo seismic intensity.

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HDI Global will offer parametric earthquake insurance in Japan in collaboration with parametric specialist insurer Descartes Underwriting.
The Japan branch of the Germany-based corporate and specialty...

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