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Insuring the Pacific: where cyclones can cost half a nation's GDP

Cyclone Nilam (Photo - NASA)

The growing impact of climate change on the Pacific Islands just adds another layer of catastrophe risk to an already highly vulnerable group of countries.

Many of the islands are prone to major natural catastrophes such as cyclones, floods, earthquakes, tsunamis, sea surges and volcanic eruptions; now add the threat from rising sea levels as a result of

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FCA looking to address issues on claims definitions

Andrew Ruddle, the Financial Conduct Authority’s interim head of the department for insurance market analysis and policy, has said the regulator is looking at addressing issues about different claims definitions within insurance.

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