Flooding
Top five Asian news stories
The top five Asian news stories from wwww.insuranceinsight.com over the past seven days.
Model increases understanding of Swiss flood risk
Aon Benfield has launched a new flood model for Switzerland and Lichtenstein to help quantify financial losses caused by what is considered to be the country's most significant natural peril.
In Series: External Data - Thinking outside the box
Are insurers making the most of external data by using it to do more than simply price risk?
GC develops industrial park database after Thailand losses
Guy Carpenter has developed a database of industrial estates in China, Taiwan, Thailand and Indonesia to help clients identify and evaluate potential risks in the region.
Post Claims Club chairman's monthly missive: Grease, avocets and penguins
Given the time of year, surge plans are at the forefront of claims professionals' minds. However, baby names have been at the top of my agenda.
Reinsurers have appetite for Asia-Pac business despite 2011 losses
The first three quarters of 2012 have proved relatively benign in terms of Asia Pacific insured catastrophe losses, according to a new Guy Carpenter report.
Guy Carpenter probes causes of Thailand flood losses
Guy Carpenter has published an in-depth review of the meteorological and man-made factors that contributed to the 2011 Thailand flood catastrophe and resulting insured losses, estimated at between $15bn and $20bn.
Aon Benfield launches Thailand flood model
Global broker Aon Benfield has launched a flood model for Thailand to help global insurers better understand their exposures in the region.
Aon Benfield launches Thailand flood model
Reinsurance broker Aon Benfield has created a flood model for Thailand to help insurers better understand exposures.
Marsh backing Project Noah despite rival Aon joining flood insurance race
Aon Benfield's decision to unveil a reinsurance-based flood risk solution has sparked a bullish response from rival Marsh's top flood specialist, who claimed that the launch of his firm's Project Noah proposal is imminent.
Spotlight on Economy and Society: Run for cover
Underinsurance is an on-going issue for the industry and, without a concerted effort to tackle the problem, the effects of the financial storms may continue to strike.
Thailand floods: Back in business
The scale of the Thailand floods was not the only element to hamper recovery - they exposed a lack of loss mitigation and recovery knowledge in Asia.
Post magazine - 25 October 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Household premiums rise following summer washout
Average insurance quotes for home buildings and contents cover have risen following heavy rain and flooding in the summer, according to the AA's latest insurance premium index.
Your say: Flood clarity is a priority
Aidan Kerr answers accusations that the ABI is failing to "nail its colours to the mast" over a replacement for the Statement of Principles.
Claims Event: Loss adjusters claim logistics hinder further collaboration in surge events
Three loss adjuster chief executives have jointly defended any lack of collaboration on surge events compared with other sections of the insurance industry on claims issues.
Aon to rival Marsh's Project Noah to fill SoP flood insurance gap
Aon Benfield has become the latest company to offer a potential solution to fill the flood insurance gap left by the expiration of the Statement of Principles in June 2013.
UK GI market under pressure to focus on pricing
Market conditions for UK non-life insurers remain challenging as the difficult economic environment curbs demand for cover and insurers can no longer rely on reserve releases to improve profitability.
Industry fears homeowner panic as flood agreement expiration approaches
Brokers in high flood-risk areas have accused the Association of British Insurers of failing to "nail its colours to the mast" amid growing concern over the lack of a long-term replacement for the Statement of Principles.
Top five Asian news stories
The top five stories from www.insuranceinsight.com over the past ten days.
Thai floods: Lessons learnt
The floods that hit Thailand last year devastated the country and its economy. They also hit insurers hard in the pocket. Now the industry must make sure it is not caught by surprise again.
Post magazine - 11 October 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
September floods to cost Asia nearly $8bn
Asia is facing economic losses of nearly $8bn after heavy flooding throughout September, according to a catastrophe report by Aon Benfield.
Economic loss from Asia flooding nears $8bn
Flooding in Asia, and particularly China, has generated economic losses of more than $7.5bn, according to Aon Benfield.