Insurers overwhelmed by Rs 25.87 billion in flood losses
Summary
Preliminary insurance claims after the August 26 Bhotekoshi River flood have crossed Rs 25.87 billion, with Oriental Insurance Company alone accounting for around Rs 13 billion. Engineering and contractor risk insurance makes up the largest share of the claims, while final payouts will depend on detailed verification.
Key Points
- Preliminary claims filed after the August 26 Bhotekoshi River flood have reached Rs 25.8735 billion, according to the Nepal Insurance Authority.
- Oriental Insurance Company has received the largest amount of claims, followed by United Ajod, Sanima GIC, Siddhartha Premier and Shikhar Insurance.
- Engineering and contractor risk insurance accounts for more than Rs 20 billion of the claims, far above property, motor and transport insurance.
- The Nepal Insurance Authority said the figures are preliminary and final payouts will be determined after detailed assessment and verification.
