Uninsured losses of $32.94 billion due to natural disasters in 5 years
Financial Express Mumbai|January 17, 2024
NATURAL CATASTROPHES IN India have led to uninsured economic losses of $32.94 billion (₹273,500 crore) during the five period of 2018-22, indicating the low insurance penetration in the country, global insurance giant Swiss Re said.
GEORGE MATHEW
Uninsured losses of $32.94 billion due to natural disasters in 5 years

Insured economic losses during the period were just $ 1.10 billion (₹9,130 crore) as 93% of exposures were uninsured, it said.

Alongside the expanding economy and growing insurance market, India is exposed to many natural catastrophes, including earthquakes, floods, tropical cyclones, drought and wildfires."However, insurance protection against natural catastrophe risks is low: our resilience analysis indicates that 93% of the exposures are uninsured," Swiss Re said in a report.

In 2014, uninsured economic losses were a whopping $15.18 billion (₹126,000 crore) - biggest ever loss while insured losses were just $1.29 billion. The total uninsured economic losses since 2014 amounted to $ 74.83 billion (₹621,000 crore) whereas insured losses were just $ 5.41 billion (₹44,900 crore).

この記事は Financial Express Mumbai の January 17, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Mumbai の January 17, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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