For Tsunami, that struck Indonesian islands Lampung and Banten without warning last week, insurers will have shell out an estimated US$1.09 billion in claims to policyholders, according to Jakarta Post.


According to insurance companies PT Maskapai Reasuransi Indonesia (REI) and PT Asuransi Maipark Indonesia, there were at least 191 insurance risks from the disaster, which killed at least 430 people and devastated thousands of homes, buildings and infrastructure.


“The risks are mostly located close to the coastal areas that were hit by the tsunami on Dec. 22,” PT Reasuransi Maipark Indonesia president director Ahmad Fauzie Darwis said on Wednesday as quoted by kontan.co.id.


Ahmad said the company had asked general insurance firms to report claims related to the recent tsunami.


PT Adira Insurance president director Julian Noor said his company had yet to receive claims from its customers but would be expecting them because of the extensive damage to commercial buildings such as hotels and motorized vehicles.


“Following tsunamiI call on insurance policyholders to check their policies and see if they cover tsunami risks,” Julian said.


PT Asuransi Simasnet president director Teguh Aria Djana also said that no policyholders had reported their claims yet, but the company had started to check its partners and brokers for claims. (bbn