Flood insurance lacks demand in a market where capacity is sufficient

Insured losses arising from the Great Malaysian Flood in December 2021 could amount to approximately MYR1.5bn ($342m) to MYR2bn, according to an assessment by Malaysia Reinsurance, says Mr Zainudin Ishak, president & CEO of the reinsurer.

The insured losses could be roughly 20%–30% of the economic loss of MYR 5.3bn to MYR6.5 bn estimated by the Department of…

Source link

About mysme

Check Also

TM partners Cisco to accelerate 5G innovation, digital acceleration of SMEs in Malaysia

KUALA LUMPUR (June 30): Telekom Malaysia Bhd (TM) has inked two collaboration agreements with Cisco …

Leave a Reply

Your email address will not be published.

No comments to show.