Jessica Li is a Junior Reporter at (Re)in Asia, following the appointments, ratings and deals shaping the region's insurers. Areas of specialty include senior people moves, insurer ratings actions, and M&A across marine, financial and reinsurance lines in markets including Vietnam, Hong Kong, Korea and India.
The bus carried compulsory and voluntary cover with the insurers, as BMTA pledged 1.5m baht (approx. US$45,900) in preliminary compensation to each deceased's family.
The payout marks Nepal’s first use of a parametric drought insurance policy, stakeholders said, with funds supporting food aid and farming tools in Bajura district.
Since its launch in March 2025, the Beijing commercial space co-insurance consortium has also reduced its average inquiry and underwriting time by 20%.
The new policy triggers financial relief when a set number of people are affected by extreme weather, and follows the rollout of a similar impact-based policy in Lao PDR in 2025.
