Nepal earthquake to expose developing nations’ low insurance penetration
April 28 2015 by InsuranceAsia News Staff
MORE FROM: Nepal
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Nepal’s Himalayan Re granted India reinsurance licence
- January 23
The privately owned reinsurer has been granted a reference number by IRDAI allowing the company to do reinsurance business from India.
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Western Nepal’s earthquake casualty losses to exceed US$2.3m: sources
- November 6
Although the earthquake happened in a remote district with low presence of carriers, the liability has raised up to around US$150,000, potentially retained by local (re)insurers, IAN understands.
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Himalayan Everest Insurance in climate product pact with The Rockefeller Foundation
- October 10
The Nepalese P&C player will design and launch "comprehensive" and "affordable" microinsurance with payouts linked to "climate shocks".
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Everest chopper crash signals turbulence for Nepal’s aviation fac market
- July 13
IAN understands the helicopter crash this week that killed six people will cost reinsurers around US$2.5m and adds to a series of safety failures that will likely see prices and retentions soaring.
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