All catastrophe risk articles
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News2022 global nat cat claims breach $100 billion
Global losses from floods were above average, the main event being flooding in eastern Australia in February-March 2022
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How humanity averted an environmental catastrophe
The success of the 1987 Montreal Protocol is proof all is not lost in the fight against climate change
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$2.2 trillion global electronics industry at threat from semiconductor supply chain
Risks include geopolitical tensions, earthquakes, and extreme weather, but risk transfer solutions remain thin on the ground
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Australia on El Nino watch as ENSO enters neutral phase
El Niño is the warm and dry phase of the climatic cycle, bringing the risk of drought and wildfires
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Interest in parametrics grows as traditional capacity retrenches
Offers an “affordable solution” for large-scale insurance of catastrophic and agriculture exposures - New Dawn Risk
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APAC firms adjust to a rapidly changing risk landscape
The hard market, supply chain disruptions and natural catastrophes continue to challenge businesses in the region - Aon
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Damage from New Zealand catastrophes to exceed $10 billion
Cyclone Gabrielle and Auckland floods to erode profitability of property insurers in New Zealand
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New Zealand’s North Island suffers widespread flooding
Around a third of New Zealand’s population live in areas affected by Cyclone Gabrielle, many without power
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Turkey earthquakes: Port fires impact $679m of global trade
Damage at Iskenderun is a reminder that ’a single point of failure’ can ripple across supply chains - Russell Group
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Turkey earthquake largest in 84 years
Tragedy is a reminder that resilience is the main defence against such powerful seismic events
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Global nat cat losses surpassed $313 billion in 2022 - Aon
Flood losses in Australia broke the historical record and monsoonal floods in Pakistan had a far-reaching humanitarian impact
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Allianz Risk Barometer: BI and cyber top threats in Asia Pacific
Climate-related concerns increase in Asia Pacific, with natural catastrophes and climate change amongst the top five risks
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APAC nat cat losses cost $70 billion in 2022
In parts of China, a prolonged drought and heatwave disrupted shipping and hydroelectric production
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Nearshoring is happening faster than expected
Apple, GM and Boeing lead the trend as US-based corporates source suppliers closer to home
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Ex-Tropical Cyclone Ellie brings heavy rain to Western Australia
Floodwater has triggered multiple evacuations, many roads around the Fitzroy River are impassable
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Eastern Australia floods top 2022 ex-US cat losses for insurers
The floods generated an industry loss of $4.7 billion, while the Fukushima Earthquake caused $3.9 billion in claims - CRESTA
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2023 to be one of Earth’s “hottest on record”
Mean temp rise up to 1.3°C above pre-industrial period as warmer conditions return to the tropical Pacific
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Webinar: Climate change risk - it’s time to step up
How do risk managers prepare an adaptation plan in the face of increasing weather extremes?
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La Niña shows signs of declining strength
The climatic cyle typically increases chances of above-average rainfall for northern and eastern Australia during summer
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Nuclear communicator
An on-the-ground advisor after 2011’s Fukushima nuclear disaster, Mariko Nishizawa is using bitter lessons to create better risk communication
