Swiss headquartered weather index insurance and parametric risk transfer specialist CelsiusPro AG has launched a new disaster insurance solution designed to rapidly pay out emergency cash when earthquakes or tropical cyclones strike. Continue reading
The Philippines government is still planning to sponsor a sovereign catastrophe bond, in order to further enhance its national level disaster risk financing, and the recently announced parametric disaster insurance pilot is expected to be expanded to cover the entire country.
The World Meteorological Organization (WMO) has opened a new office for the Asia-Pacific region in Singapore to improve coordination on hazards ranging from floods to fires and to strengthen meteorological services for rapidly evolving economic sectors such as air and marine transport. The Regional Office is being hosted by the Meteorological Service Singapore (MSS) and will serve as the nerve centre for WMO’s programmes in the region. Continue reading