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Re/insurance at heart of disaster & climate risk discussions

Insurance and reinsurance remained at the heart of recent discussions on disaster and climate risk reduction and resilience efforts at the United Nations, with regulatory reform highlighted as required to make risk transfer more available.In the last few years the activity surrounding climate and disaster risk has accelerated and the read the full article →

Sustainability, local markets key to G7 goal to grow disaster insurance

A further 400 million people in regions of the globe vulnerable to the perils of climate change related hazards are to have access to catastrophe or disaster risk insurance by the year 2020, according to G7 leaders.Leaders of the G7 met in Elmau, Germany recently to talk global economic issues read the full article →

Resilience vital to reduce losses from disasters: AIR, UNISDR

The fight to reduce global economic losses from natural disasters “is next to impossible” as rising wealth, population and urbanisation levels drive the upward trend, according to leaders from AIR Worldwide and the UNISDR.Speaking at the 3rd UN World Conference on Disaster Risk Reduction (WCDRR) in Sendai, Japan, Dr Milan read the full article →

ASEAN to implement disaster risk financing & insurance programme

The Association of Southeast Asian Nations (ASEAN) aims to implement the ASEAN Disaster Risk Financing and Insurance Programme, as access to risk capital and immediate liquidity post-disaster is recognised as increasingly important to the region's growth.In a statement made at the 3rd UN World Conference on Disaster Risk Reduction meeting read the full article →

Asia home to world’s most vulnerable cities to natural disasters: Verisk Maplecroft

A substantial number of the 100 most vulnerable cities in the world to the perils of natural disasters are situated in the Philippines, China, Japan and Bangladesh, according to recent findings from Verisk Maplecroft, a Verisk Analytics division.International risk analytics company, Verisk Maplecroft’s latest Natural Hazards Risk Atlas (NHRA) has read the full article →

Re/insurance industry calls for action on disaster risk at Sendai meeting

Top insurance and reinsurance organisations have called on governments of the world to increase efforts to raise resilience against natural disasters, highlighting the gap between economic and insured losses as an area that the industry can support resilience goals.Average economic losses from natural disasters and extreme weather events in the read the full article →

Risk transfer & re/insurance key to raising world’s disaster resilience

The world is meeting in Sendai, Japan over the coming days to discuss disaster risk reduction and how the world becomes more resilient to them. Risk transfer and re/insurance remain vital components of any disaster risk reduction initiative.The talks held in Sendai Japan are a key step on the route read the full article →