by AIP Online Bureau | May 14, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
George Attard, CEO for Reinsurance Solutions for APAC , Aon In the APAC region, the protection gap was much higher with 95 percent of the losses not covered. Increases in population density in coastal areas, wealth and overall exposure to natural hazards in high-risk...
by AIP Online Bureau | Mar 4, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
North America is identified as the region likely to be most financially impacted by the scenario, suffering a potential economic loss of $755 billion over the modelled five year period. However, the gap between the impact on North America and Europe is relatively...
by AIP Online Bureau | Jan 9, 2025 | Disaster & Management, Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
J.P. Morgan believes that insured losses originating from the wildfire could be around $10 billion, “We expect a majority of the losses to be related to homeowners’ coverage and a significantly lesser amount to commercial,” it said U.S. private...
by AIP Online Bureau | Aug 3, 2023 | Data, Disaster & Management, Eco/Invest/Demography, Non-Life, Policy
As per the memorandum received from the state government of Gujarat, a 1.33 lakh hectare area is reported to have been affected due to the cyclone ‘Biparjoy’, and it has projected a total economic loss of Rs 1212.50 crores in agriculture and horticulture...
by AIP Online Bureau | Jun 27, 2023 | Disaster & Management, Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management
George Attard, chief executive officer, Reinsurance Solutions, Asia Pacific at Aon said, “The extreme weather in the region throughout the year highlights the continuing need to strengthen resilience by adopting effective adaptation and risk management...
