Southeast Asia faces intensifying compound catastrophes and escalating flood impacts

Southeast Asia faces intensifying compound catastrophes and escalating flood impacts

In Southeast Asia, this phenomenon is increasingly evident. Events such as earthquakes occurring on rain‑soaked ground or typhoons following seismic activity can escalate losses, often complicating claims processes and creating friction between insurers and...
Insurance sector remains constrained by a high-cost distribution model inflating  protection cost:Economic Survey

Insurance sector remains constrained by a high-cost distribution model inflating protection cost:Economic Survey

Nirmala Sitharaman Union Minister for Finance and Corporate Affairs The insurance sector stands at a pivotal juncture, as it remains constrained by a ‘low-penetration, high-cost’ equilibrium driven by a high-cost distribution model that has inflated the cost of...