Asia: Market sees moderation in 1Q in general except for Nat CAT-exposed property risks

Published on 1 June 2024
Across Asia, market conditions were mixed, with renewal outcomes varying by line of business. Natural catastrophe property risks remained challenged. Financial Lines saw a general softening, says Aon
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Türkiye: Quake insurance scheme to cover other disasters with effect from the end of June

1 June 2024
Minister of Treasury and Finance Mehmet Simsek has announced that Türkiye's compulsory earthquake insurance scheme, the Turkish Catastrophe Insurance Pool (TCIP) will be expanded to cover other

Gulf: Floods cause estimated insured losses of as much as US$2.4bn

1 June 2024
Total insured losses arising from the 2024 Gulf Floods event are estimated to exceed $1.6bn and could reach as high as $2.4bn for the UAE, of which Motor represents ~10%, according to an analysis by