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# November 28, 2016: Ireland Makes a Play for ILS Market, Japan's Earthquake Insurance Problem and What Do Hurricanes Really Cost?
- URL: https://www.riskmarketnews.com/november-28-2016-ireland-makes-play-ils-market-japans-earthquake-insurance-problem-hurricanes-really-cost/
- Published: 2016-11-28T07:01:28.000Z
- Updated: 2016-11-28T07:01:28.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Hurricanes Become More Costly](https://www.theguardian.com/world/2016/nov/27/hurricanes-become-more-costly-weatherwatch?ref=riskmarketnews.com)

#### [The Guardian](https://www.theguardian.com/world/2016/nov/27/hurricanes-become-more-costly-weatherwatch?ref=riskmarketnews.com)

As the 2016 Atlantic hurricane season draws to a close, the eye-watering cost is becoming ever more apparent.

### [Scientists Model Mass Gatherings, Identify the Risks of Large Crowds](http://www.upi.com/Science%5FNews/2016/11/22/Scientists-model-mass-gatherings-identify-the-risks-of-large-crowds/6731479828499/?ref=riskmarketnews.com)

#### [UPI](http://www.upi.com/Science%5FNews/2016/11/22/Scientists-model-mass-gatherings-identify-the-risks-of-large-crowds/6731479828499/?ref=riskmarketnews.com)

“Physical body-to-body contacts are the foundation for potentially dangerous collective motion,” said researcher Arianna Bottinelli.

### [Moderate Earthquake Strikes Near Mount Everest in Nepal](http://www.nytimes.com/aponline/2016/11/27/world/asia/ap-as-nepal-earthquake.html?%5Fr=0&ref=riskmarketnews.com)

[New York Times](http://www.nytimes.com/aponline/2016/11/27/world/asia/ap-as-nepal-earthquake.html?%5Fr=0&ref=riskmarketnews.com)  
The United States Geological Survey said Monday’s earthquake had a magnitude of 5.4.

### [Despite Declarations, Israeli Cabinet Avoids Labeling Fires as Terrorist Acts](http://www.haaretz.com/israel-news/1.755685?ref=riskmarketnews.com)

#### [Haaretz](http://www.haaretz.com/israel-news/1.755685?ref=riskmarketnews.com)

‘Terror’ definition would force state to compensate victims.

## Risk Business: What You Need to Read Today

### [Old Habits Hold Back Japan Earthquake Insurance](http://asia.nikkei.com/Politics-Economy/Economy/Old-habits-hold-back-Japan-earthquake-insurance?ref=riskmarketnews.com)

#### [Nikkei](http://asia.nikkei.com/Politics-Economy/Economy/Old-habits-hold-back-Japan-earthquake-insurance?ref=riskmarketnews.com)

Japan has an earthquake insurance penetration that remains astoundingly low.

### [The Fundamentals of Catastrophe Bonds](https://www.ofiglobal.com/institutional-investors/article/fundamentals-of-catastrophe-bonds?ref=riskmarketnews.com)

#### [OFI Global (firm site)](https://www.ofiglobal.com/institutional-investors/article/fundamentals-of-catastrophe-bonds?ref=riskmarketnews.com)

Portfolio manager Caleb Wong details the investible catastrophe bond market in a series of videos.

### [EQC Pushes Ahead With Big Staff Cuts Despite 7.8 Kaikoura Earthquake](http://www.stuff.co.nz/business/industries/86928720/eqc-pushes-ahead-with-big-staff-cuts-despite-78-kaikoura-earthquake?ref=riskmarketnews.com)

#### [Stuff.nz](http://www.stuff.co.nz/business/industries/86928720/eqc-pushes-ahead-with-big-staff-cuts-despite-78-kaikoura-earthquake?ref=riskmarketnews.com)

Ar the end of October, EQC had about 5000 outstanding remedial requests.

### [How Ireland Can Fulfill its ILS Potential](http://www.walkersglobal.com/images/Publications/Articles/2016/11.2016%5FFinance%5FDublin%5FWalkers%5FILS%5FArticle.PDF?ref=riskmarketnews.com)

#### [Finance Ireland (via Walkers Global – direct to PDF)](http://www.walkersglobal.com/images/Publications/Articles/2016/11.2016%5FFinance%5FDublin%5FWalkers%5FILS%5FArticle.PDF?ref=riskmarketnews.com)

Ireland is looking to state its claim to the catastrophe bond market.

### [Ireland’s Central Bank Boosts Staff for Brexit Insurers](https://www.ft.com/content/c1048ec8-b333-11e6-a37c-f4a01f1b0fa1?ref=riskmarketnews.com)

#### [Financial Times (sub may be required) ](https://www.ft.com/content/c1048ec8-b333-11e6-a37c-f4a01f1b0fa1?ref=riskmarketnews.com)

Ireland’s insurance regulator has increased its staff numbers by more than a quarter ahead of an expected influx of applications from London-based insurers