Home » Topics » Resilience » Reinsurance Extreme Weather Events Create Opportunities for Collaboration and Innovation  Peter Cheesman Head of APAC Analytics, Reinsurance Solutions Share Snapshot Extreme weather events in the current climate have revealed significant vulnerabilities across the Pacific region. While the present-day climate is driving increasingly unpredictable extreme weather events, it does present an opportunity for organisations to take a more holistic approach to building resilience through preparedness and mitigation measures. Climate modelling and risk ..read more

Home » Topics » Resilience » Reinsurance Understanding Climate Phenomena: El Niño-Southern Oscillation and the Indian Ocean Dipole Natalie Lim Head of Agriculture Analytics & Parametrics, Asia Share Snapshot The cyclical nature of the El Niño-Southern Oscillation (ENSO) results in most of the Asia Pacific region facing drier conditions during El Niño and wetter weather during La Niña. Weather patterns are also modulated by the Indian Ocean Dipole (IOD) in many areas. Understanding how ENSO and IOD affect weather and the climate is essential for predicting future condit ..read more

Home » Topics » Resilience » Reinsurance Climate Change and Financial Risk: The impacts of rapidly evolving regulation across APAC Tom Mortlock Senior Catastrophe Analyst Share Snapshot Organisations are facing increasing risks related to the physical impacts of climate change, changing consumer and investor preferences, and shifting regulatory frameworks. The climate related regulation of financial markets is evolving at a rapid pace, with voluntary disclosures giving way to more standardisation and transparency across the APAC region Download Report     As you ..read more

Home » Topics » Resilience » Reinsurance 2023 Weather, Climate and Catastrophe Report: APAC Insights Peter Cheesman Head of APAC Analytics, Reinsurance Solutions Share Snapshot Catastrophes and natural disasters in the Asia Pacific region in 2022 amounted to a total economic loss of USD 80 billion A substantial protection gap of 86 per cent meant many disaster losses were uninsured The extreme weather records broken across the year highlight the continuing need to strengthen resilience to better protect the communities in which we live and work Download Report   &nbs ..read more

Home » Topics » Resilience » Reinsurance Say Goodbye to the Big Wet and Excessive Losses Tom Mortlock Senior Catastrophe Analyst Share Snapshot Australia is in the grip of a rare triple-dip La Niña and the ‘big wet’, with the associated weather becoming the “new normal”. However, recent data analysis and historical climate analogues by Aon and ClimaLab challenge this view. A return to an El Niño-like climate is increasingly likely because of an impending flip in underlying ocean circulation in the Pacific Ocean, known as the Pacific Decadal Variability (PDV). If this happens, d ..read more

Home » Topics » Resilience » Reinsurance Climate Disclosures: Value Beyond Compliance Cecilia Tse National ESG, Climate and Enterprise Risk Practice Lead, New Zealand, Aon Share Snapshot The changing climate presents an unprecedented source of risk and volatility for businesses. Until recently, there was little in the way of agreed measures for the environmental health of a company and its impact. In response, we now have the Taskforce for Climate-Related Financial Disclosures (TCFD). By treating TCFD disclosure as one important outcome from a broader exploration of climate-rel ..read more

Home » Topics » Resilience » Reinsurance Rising Inflation is Magnifying Underinsurance Risk and Leaving Businesses Exposed Mark Klenke Managing Principal, Aon Global Risk Consulting Share Snapshot Australia and New Zealand have seen significant cost increases across almost all sectors of the economy over the past 12 months. As costs continue to rise sharply, underinsurance is tipped to be a major issue with long-term implications for businesses.    In the current environment, underwriters are scrutinising declared asset values far more closely, and, in many cases ..read more

Home » Topics » Resilience » Reinsurance The Implications of Underinsurance Alison Smith Head of National, Aon Share Snapshot Australia and New Zealand have seen significant cost increases across almost all sectors of the economy over the past 12 months. As costs continue to rise sharply, underinsurance is tipped to be a major issue with long-term implications for businesses.    In the current environment, underwriters are scrutinising declared asset values far more closely, and, in many cases, not renewing insurance policies without specific insurance valuations ..read more

Home » Topics » Resilience » Reinsurance Aon Reinsurance Analytics Seminar 2022: Better Insights for Emerging Risks Peter Cheesman Head of APAC Analytics Share Snapshot Australia and New Zealand have seen significant cost increases across almost all sectors of the economy over the past 12 months. As costs continue to rise sharply, underinsurance is tipped to be a major issue with long-term implications for businesses.    In the current environment, underwriters are scrutinising declared asset values far more closely, and, in many cases, not renewing insurance pol ..read more

Home » Topics » Resilience » Reinsurance Addressing Severe Weather Risk with Parametric Insurance Solutions Nicholas Clarke Enterprise Client Leader – Asia-Pacific Share Snapshot Risk managers are increasingly using parametric insurance to match capital to climate risk – an “if-then” model designed to complement a traditional indemnity programme. AboitizPower, a leading provider of renewable energy has embraced this solution to transfer their windstorm/tsunami property damage risk and business interruption exposures. Aon can help evaluate the impact of climate and severe w ..read more