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Philippine Standard Time:
02:32:32 PM
Mon, May 5, 2025
Hurricanes and earthquakes could lead to global insured losses of $300bn in a peak year - Swiss Re
Following the long-term annual growth trend of 5-7%, global insured natural catastrophe losses may reach $145bn in 2025, mainly driven by...
5 days ago2 min read
3
Aon reports record Q1 economic losses of $83bn
Aon published its Q1 Global Catastrophe Recap - April 2025 yesterday, which analyzed the natural disaster events that occurred worldwide...
Apr 222 min read
11
Heeding nature's warnings: A call to action for stakeholders in disaster preparedness
By Michael F. Rellosa Over and on top of the fact that the Philippines is considered the most vulnerable country to natural catastrophic...
Apr 103 min read
33
Recent spate of wildfires in Japan and South Korea linked to climate change
A series of wildfires that broke out in Japan and South Korea in March this year were fuelled by human-induced climate change according...
Apr 92 min read
1
Escalation in wildfire risk beyond traditional seasons and regions
The insurance industry's losses due to wildfires are rising, with an escalation in wildfire risk beyond the traditional fire seasons and...
Apr 42 min read
4
Insurers prepare for multi-million dollar payouts after Myanmar quake
The damage from this incident alone may lead to insurance claims surpassing THB1bn (around $29m), as reported by The Nation . The...
Apr 21 min read
16
Powerful 7.7 magnitude earthquake and multiple aftershocks devastate the country
Myanmar's devastating earthquake death toll has crossed 1,640 as more bodies are recovered from rubble. The country and the neighbouring...
Apr 22 min read
3
Higher reinsurance costs hit Philippines insurance
Global disasters contribute to rising costs Non-life insurance premiums in the Philippines may increase as global reinsurance costs rise,...
Mar 152 min read
3
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