Climate – InsuranceAsia News https://insuranceasianews.com/industry_segments/climate/ Wed, 10 Dec 2025 02:04:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Over half of US$10bn losses from recent Southeast Asian floods attributable to business interruption: Moody’s https://insuranceasianews.com/over-half-of-us10bn-losses-from-recent-southeast-asian-floods-attributable-to-business-interruption-moodys/ Tue, 09 Dec 2025 09:57:53 +0000 https://insuranceasianews.com/?p=206424 Modelling specialist noted that some atmospheric indicators suggest that parts of Southeast Asia are already experiencing La Niña-like conditions.

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More than 50% of the estimated over US$10 billion losses from the recent devastating flooding across Thailand, Malaysia, and Indonesia were attributed to business interruption, according to a report b...

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]]> Asia Pacific accounts for half of US$22bn losses from 2025 tropical cyclones: Munich Re https://insuranceasianews.com/asia-pacific-accounts-for-half-of-us22bn-losses-from-2025-tropical-cyclones-munich-re/ Mon, 01 Dec 2025 08:00:50 +0000 https://insuranceasianews.com/?p=205767 Reinsurer’s preliminary estimates reveal a paradoxical season with numerous severe storms but total and insured losses far below decadal averages.

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Asia Pacific has accounted for around half of the US$22 billion total losses from tropical cyclones this year, according to Munich Re.
According to preliminary estimates, tropical cyclones in the Nort...

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]]> Consolidation unlikely to slow amid shifting, costly regulatory landscape: Helvetia CEO Fabian Rupprecht https://insuranceasianews.com/consolidation-unlikely-to-slow-amid-shifting-costly-regulatory-landscape-helvetia-ceo-fabian-rupprecht/ Tue, 25 Nov 2025 23:30:52 +0000 https://insuranceasianews.com/?p=205317 Data centres, natural catastrophes and robotics 'are real opportunities' for growth, he also tells InsuranceAsia News.

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Levels of consolidation are "only set to continue" amid efforts to offset increasingly costly levels of regulation, according to Fabian Rupprecht, CEO of Swiss insurance group Helvetia.
Insurance cons...

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]]> ARPC declares cyclone event as Tropical Cyclone Fina strengthens https://insuranceasianews.com/arpc-declares-cyclone-event-as-tropical-cyclone-fina-strengthens/ Wed, 19 Nov 2025 08:31:58 +0000 https://insuranceasianews.com/?p=204908 First tropical cyclone of Australia’s storm season has developed off the country’s northern coast.

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The Australian Reinsurance Pool Corporation (ARPC) has declared a cyclone event in relation to Tropical Cyclone Fina after the first tropical cyclone of Australia’s storm season developed off the coun...

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]]> Cynthia Yuan Xi named head of China Re’s climate risk research centre https://insuranceasianews.com/cynthia-yuan-xi-named-head-of-china-res-climate-risk-research-centre/ Wed, 19 Nov 2025 07:20:32 +0000 https://insuranceasianews.com/?p=204892 Former Fosun Insurance Group CFO has been at China Re in Beijing since March 2019.

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Cynthia Yuan Xi has become the new head of China Re’s climate risk research centre.
In a LinkedIn post on Wednesday, Xi said that she has now heads the unit dedicated to research into climate risks, a...

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]]> Tower, CelsiusPro collaborate to launch rainfall parametric cover in Fiji https://insuranceasianews.com/tower-celsiuspro-collaborate-to-launch-rainfall-parametric-cover-in-fiji/ Tue, 18 Nov 2025 03:17:58 +0000 https://insuranceasianews.com/?p=204771 Rainfall Response Cover provides a rapid cash payout when a policyholder is impacted by heavy rainfall, regardless of damage, without the requirement of an insurance assessor’s sign-off.

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New Zealand P&C insurer Tower and Zurich-headquartered specialist parametric insurtech CelsiusPro have signed a partnership to launch a new rainfall parametric solution in Fiji.
Rainfall Response ...

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]]> Amid uninsurable warning, parametric solutions seen as future for addressing rising climate risks https://insuranceasianews.com/amid-uninsurable-warning-parametric-solutions-seen-as-future-for-addressing-rising-climate-risks/ Sun, 16 Nov 2025 23:30:34 +0000 https://insuranceasianews.com/?p=204565 With almost 60% of natural disasters in recent years uninsured, parametric solutions have received almost universal approval as an alternative to traditional underwriting.

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As the world meets in Brazil at the COP30 climate summit, there have been renewed warnings that the insurance industry is facing its own climate crisis, with potential exposures set to test its capaci...

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]]> Seadrif, Philippines join hands to explore disaster insurance facility for public assets https://insuranceasianews.com/seadrif-philippines-join-hands-to-explore-disaster-insurance-facility-for-public-assets/ Tue, 11 Nov 2025 06:32:54 +0000 https://insuranceasianews.com/?p=204330 Seadrif Sovereign Asset and Fiscal Empowerment facility is intended to ensure uninterrupted delivery of essential services to citizens in the aftermath of natural disasters.

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The Southeast Asia Disaster Risk Insurance Facility (Seadrif) and the Department of Finance in the Philippines have agreed to explore the creation of a facility to embed disaster insurance directly in...

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]]> From AI to climate change and fraud, 3 takeaways from the Insurance Innovators Summit https://insuranceasianews.com/from-ai-to-climate-change-and-fraud-3-takeaways-from-the-25th-insurance-innovators-summit/ Mon, 10 Nov 2025 21:30:13 +0000 https://insuranceasianews.com/?p=204217 Innovation on the agenda in London, but rising risks continue to test the market.

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Over 2,000 delegates from across the world headed to London for the 25th Insurance Innovators Summit last week, where the future of the market and its risks were at the top of the agenda.
With over 40...

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]]> Climate change reality means its time for insurers to step up and play a part, Zurich Insurance’s EMEA CEO says https://insuranceasianews.com/reality-of-climate-change-means-its-time-for-insurers-to-step-up-and-play-a-part-zurich-insurances-emea-ceo-says/ Fri, 07 Nov 2025 00:00:26 +0000 https://insuranceasianews.com/?p=204009 Alison Martin was speaking this week at the 25th annual Insurance Innovators Summit in London.

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The global insurance sector has been told it needs to step up its role in the flight to tackle climate change, but to do so, the renewable energy market also needs to undergo a resilience revolution,
...

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