This paper aims to answer three research questions for each of the three contexts assessed: What is the availability and use of financial services? How can financial services contribute to building climate resilience in terms of managing climate- related risks and exploiting climate-related opportunities?
India suffered a $3 billion loss to its economy from severe rainfall and flooding in November and early December, reinsurance broker Aon Benfield said in its monthly report on global catastrophes.
While the earlier deluge in Tamil Nadu, which started on November 8, has already resulted in claims of around Rs 500-600 crore, the recent torrential rains could cause far more damage, insurers poi
ZURICH: Natural and manmade disasters caused $37.4 billion (34 billion euros) in economic losses during the first half of 2015, proving far less costly than in recent years, reinsurance group Swiss
The death toll from natural disasters such as earthquakes, storms and heatwaves rose sharply worldwide in the first six months of 2015, the world's largest reinsurance company Munich Re said on Tue
Government has outlined the changes it wants to make to insurance cover after natural disasters, including a doubling of the cap on building cover to $200,000.
Strong macroeconomic fundamentals offer India a “reasonable degree of resilience” to fight uncertainties, but poor asset quality of banks and managing expectations are key challenges for regulators and the government, says the Financial Stability Report.
German insurers are likely to face damage claims of around 750 million euros ($808 million) from windstorm "Niklas", which struck the country on March 31, insurance trade body GDV said on Monday.
The study on climate change adaptation (CCA) and disaster risk reduction (DRR) synergies of interventions was carried out with a combination of approaches consisting of country-specific case studies in Nepal and India in South Asia and in the Republic of Ghana in the West Africa, an online survey eliciting responses from the stakeholders engaged
