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.
As operators assume greater responsibility for power infrastructure, insurers face new questions around batteries, construction, curtailment and BI coverage.
The regulator pointed to higher claims costs, tighter reinsurance appetite and pressure on trade-exposed lines as external volatility feeds into the sector.
Shenergy P&C, which underwrote the mine's work safety liability, has prepared an advance claims fund, while more than 50 insurers have activated fast-track processes to cover the policies of affected...
Reinsurance broker plans to deepen its engineering and specialty lines, expand structured solutions, and launch an industry-first life product in India.
Having just received its onshore licence, Miller's Head of South Korea and Head of Asia speak to (Re)in Asia about the broker's ambitious plans for the country.
