Taiwan has experienced a series of extreme weather events in recent years, which are expected to continue into the future, says the report 14 Shades of Risk In Asia-Pacific: Evolving Risk Concerns in Asia-Pacific by Marsh & McLennan Companies’ Asia-Pacific Risk Center. ... Continue Reading »
typhoons
Catastrophe Insurance Gap in China
Even though China is the fastest growing insurance market in the world, the country's catastrophe insurance protection gap remains significant, according to the recent report 14 Shades of Risk In Asia-Pacific: Evolving Risk Concerns by Marsh & McLennan Companies' Asia-Pacific Risk Center. ... Continue Reading »
2018 Asia Pacific Catastrophe Reinsurance Report
Guy Carpenter has released its 2018 Asia Pacific Catastrophe Reinsurance Report. The report reviews property catastrophe cover trends; market conditions, including losses and pricing; and catastrophe events in each of the major Asia Pacific countries during 2018. ... Continue Reading »
Super Typhoon Jebi
In the West Pacific Basin, Typhoon Jebi made first landfall on Shikoku (Tokushima Prefecture) at around 03 UTC on 4 September, and then second landfall near Kobe (Hyōgo Prefecture) at around 05 UTC on the same day. The storm brought reports of damaging wind gusts in excess of 160 km/hr (100 mph), flooding due to storm surge and heavy rainfall and mudslides. Widespread damage ... Continue Reading »
Review of 2015 Tropical Cyclone Season Activity Predictions
Here we review the 2015 seasonal predictions for tropical cyclone activity in the Western North Pacific and Atlantic Basins. ... Continue Reading »
Guy Carpenter Asia-Pacific Climate Impact Centre Publishes 2015 Predictions for Tropical Cyclone Formations and Landfalls
The Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC), a joint initiative of the City University of Hong Kong and Guy Carpenter, and the School of Energy and Environment, City University of Hong Kong, today released their 2015 predictions for tropical cyclone formations and landfalls. ... Continue Reading »
Demand for Asia Pacific Catastrophe Reinsurance Remains High in 2014
Guy Carpenter today published a new report highlighting the continued increase in 2014 of total Asia Pacific catastrophe limit purchased. However, a confluence of factors, including the weakening of some key zone currencies has meant that reinsurance premium spend in the region has declined significantly. ... Continue Reading »
Review Of Climate Change
Here we review recent GC Capital Ideas stories focused on climate change. Guy Carpenter Asia-Pacific Climate Impact Centre Publishes New Annual Report: The Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC), a joint initiative of the City University of Hong Kong and Guy Carpenter, released its fifth annual report presenting the highlights of the GCACIC's research ... Continue Reading »
Guy Carpenter Asia-Pacific Climate Impact Centre Publishes New Annual Report
The Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC), a joint initiative of the City University of Hong Kong and Guy Carpenter, today released its fifth annual report presenting the highlights of the GCACIC's research activities from the past year. The report details the findings of 16 projects conducted by the GCACIC, which focus on climate problems in the ... Continue Reading »
Global Catastrophe Review, 2013
2013 provided a respite for the (re)insurance industry following above-average losses in 2011 and 2012, with insured losses from natural catastrophes and man-made disasters estimated at around USD40 billion, according to Guy Carpenter & Company (see Figure 1). This is considerably less than the ten-year average loss of approximately USD60 billion and well below the most ... Continue Reading »
