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 26, 2025 | Climate, Environment, Renewable Energy, International News
“We need to mobilize all available resources in extinguishing the fires for the remainder of the week as it is feared we will experience an unprecedented level of wildfire damage,” Acting President Han Duck-soo said in a national address. “They are breaking records as...
by AIP Online Bureau | Feb 12, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
`We have a small exposure for LA wildfires. It’s not major. Currently, we have provided about $25 million in our provisions. I tend to believe that this will come down, because these are very initial figures. We’ve still not received too many intimations...
by AIP Online Bureau | Feb 11, 2025 | Articles, Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Risk Management
Wildfire exposures can be mitigated by relatively simple and cost-effective measures that fall under the responsibility of local governments and communities and include disaster planning, forest management, maintenance of key / vulnerable infrastructure, building...
by AIP Online Bureau | Jan 24, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The impact of the fires on European reinsurers’ natural catastrophe budgets will clearly be significant, but the implications for their earnings and capital are not likely to be material. Paris/London: The recent Los Angeles wildfires may use up over 30% of the...
