Climate-driven catastrophe losses are increasing in frequency, severity, and financial impact, creating a new reality for organizations around the world. While major catastrophes such as hurricanes, floods, and wildfires continue to generate significant losses, a growing share of damage is now being driven by smaller, more frequent events known as secondary perils. Severe convective storms, localized flooding, wildfires, drought, and extreme heat are producing substantial los

As of November 1, 2025, insurers must receive the premium payment before coverage can be issued or become effective under most non-life insurance policies. This “Cash Before Cover” (CBC) requirement changes how multinational programs should be structured and administered. For companies operating in China or including Chinese subsidiaries within global insurance programs, the rule has practical implications for timelines, payment coordination, and coverage continuity. Here