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.
The measures provide 90-day grace periods for premiums, coverage extensions, and loan repayments, with report submissions given a 30-day extension without fines or penalties.
As demand for CCS insurance solutions grows across APAC, Willis has introduced a tailored CCS offering, positioned to aid the region's decarbonisation.
Specialty (re)insurer's fifth global unit will integrate data, analytics and risk engineering to help clients address exposures such as climate, cyber and supply chain disruption.
