The frequency of severe weather events is prompting a shift in how travellers approach insurance, according to recent observations from Chubb Insurance Hong Kong.
In 2025, Hong Kong authorities have issued 51 rainstorm alerts, including four of the highest-level black rainstorm warnings. These disruptions have affected both daily routines and travel plans for residents.
On a global scale, the insurance industry continues to face mounting losses from natural disasters. Research from Willis projects that insured losses from natural catastrophes will surpass $100 billion for the seventh year in a row.
Meanwhile, Verisk’s 2025 report estimates the global modelled insured average annual property loss (AAL) from such events at US$152 billion, an increase of US$32 billion compared to the previous year. This upward trend is attributed to factors such as inflation, urbanisation, the growing frequency of extreme events, and climate change.
Over the last five years, the annual average for insured losses has reached US$132 billion, up from US$104 billion in the prior five-year period.
Chubb Insurance Hong Kong has reported a marked rise in travel insurance purchases timed around adverse weather warnings.
Data from the company indicates that many travellers are prompted to buy coverage immediately before or after severe weather is forecasted or occurs.
This pattern suggests that awareness of travel risks is increasing, but also points to a tendency among consumers to delay insurance purchases until risks become imminent.
“It is important to emphasise that travel insurance is most effective when purchased well in advance of any trip,” Chubb Insurance said.
Chubb Insurance noted that travel insurance is designed to address unexpected disruptions, such as cancellations or delays caused by adverse weather. However, coverage is only effective for events that arise after the policy is purchased. Travellers who wait until a weather warning is issued may find themselves ineligible for certain protections.
“This means that waiting until the last minute – or after a weather warning has been issued – may leave travellers vulnerable to uncovered risks,” Chubb Insurance said.
To address this, Chubb Insurance has rolled out a new initiative: customers who purchase policies covering a specified amount are eligible for voucher redemptions. The company aims to motivate travellers to secure insurance well in advance of their departure dates.
Given the ongoing rise in extreme weather incidents, Chubb Insurance is encouraging customers to make travel insurance a standard part of their travel arrangements.
“By purchasing a policy as soon as travel arrangements are made, customers can ensure more comprehensive protection against the unexpected, including inconveniences caused by adverse weather,” it said.
