Non-life insurance companies in Nepal have received claims totalling INR3.26bn ($39.3m) following widespread damages caused by monsoon-induced disasters on October 4.
The heavy rainfall two weeks ago led to significant physical damage across the country.
According to the Nepal Insurance Authority (NIA), insurers recorded a total of 704 claims as of last Thursday. Property insurance accounted for the majority, with 364 claims valued at INR2.70bn.
Engineering and contract risk policies generated liabilities of INR480.04m, while agriculture insurance claims numbered 209, totaling INR43.26m. Vehicle damage claims amounted to 42, with a combined value of INR35.7m.