Gloria Methri is a Regional Correspondent at (Re)in Asia, tracking the regulation and risk stories moving Asia Pacific insurance. Areas of specialty include Indian insurance regulation, natural catastrophe losses across China and Australia, and marine and war risk markets.
Insurers have so far counted US$170m in preliminary claims, but the country may need up to US$5bn, or around 10% of GDP, to rebuild after the disaster.
Hydropower projects account for nearly 80% of reported losses, with widespread damage to energy infrastructure expected to drive the bulk of insurance claims.
