china

Risk modeller AIR Worldwide have launched a new crop weather insurance model for China today. The new model is being hailed as the industry’s first Multiple Peril Crop Insurance (MPCI) Model for China and provides a fully probabilistic approach for determining losses to China’s main crops: corn, cotton, rapeseed, rice, soybeans, and wheat.

Our regular readers will know that we try to keep abreast of discussions, news and announcements involving the potential use of catastrophe bonds, insurance-linked securities and innovative risk transfer instruments in new markets around the world. China is one of the markets where catastrophe bonds have been discussed both in relation to the countries domestic […]

Proponents of longevity risk transfer through instruments such as securitization via a catastrophe bond type structure (in a similar manner to Swiss Re’s Kortis Capital deal), or swaps, derivatives and hedging mechanisms, will be pleased to learn that this has now become a topic of discussion in China.

Aon Benfield’s catastrophe model development arm Impact Forecasting, have published their July 2011 Monthly Cat Recap report which looks at the natural catastrophes that occurred over the course of the month around the world.

China is a country particularly exposed to damaging losses from a range of natural catastrophes and severe weather events and it regularly suffers billions of dollars of economic losses per year and major loss of life. Despite this fact insurance penetration is low across the country and natural catastrophe coverage is hard to come by.

Aon Benfield have published their Monthly Cat Recap Report for June which is put together by their Impact Forecasting catastrophe modelling and analysis arm. The monthly updates provide a useful review of the events around the globe which will create losses for re/insurers.

Risk Management Solutions (RMS) have launched a new risk model covering both mainland China and Hong kong typhoon risks. Flood is one of the key loss drivers of typhoon events and China is a country that suffers particularly badly. The RMS® China Typhoon Model is said to deliver significant advancements in quantifying flood risk from […]

In recent weeks we’ve written about a number of countries who have been discussing the possibility of issuing catastrophe bonds and insurance-linked securities as ways to protect themselves against the costs of a major natural disaster. We’ve seen the issue come up for discussion in governments in Taiwan, Israel, Korea, the Philippines, Australia, the ASEAN […]

The China Insurance Regulatory Commission (CIRC) is encouraging insurers to trial methods to extend agricultural insurance cover to include greater protection against weather related insurance losses in the country. There has been a lot of discussion of the importance of food security recently and China, with its climate and huge population, is particularly exposed.

The city of Shanghai in China has been slowly establishing itself as an international financial center and wants to reach that goal by 2020. The insurance industry lags behind banking and securities though and so plans are underway to change that. One of the initiatives being worked on is the planning of an insurance exchange […]