AIR+20 Aug 2018

$3 billion and counting

| 20 Aug 2018

The floods that have devastated the South Indian state of Kerala will be among the costliest in terms of economic losses. Current estimates peg the losses at $3bn but is set to cross the $5bn mark, considering that the calamity is widespread and actual damages are yet to be assessed across the state. We look at the factors behind this unprecedented natural calamity and how the insurance industry can deal with such events in the future.

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