Nepal earthquake to expose developing nations’ low insurance penetrationApril 28 2015 by InsuranceAsia News Staff
- November 3
The Federation of Nepalese Chambers of Commerce and Industry says the move runs counter to the idea of an "open economy".
- August 16
If the deal goes ahead it could create the country's largest insurance firm.
- August 12
Aon reports says US$1.7bn of insured losses is highest nat cat payout for the Chinese insurance industry on record.
- June 2
The firm beat out four other applicants to join Nepal Re as the country's second reinsurer.
A longer claims process and increased cost were some of the challenges faced by insurers.
Tropical cyclones have always been a significant peril in Asia and a major focus for risk assessment in the region.