Insurers receive claims worth Rs 21 billion for Rasuwa flood damage
Summary
Nepali insurers have received claims worth Rs 20.98 billion for damage caused by the August 26 flood in the Bhotekoshi-Trishuli river corridor in Rasuwa. The disaster has also left massive losses to infrastructure, with the government estimating more than Rs 723 billion needed for rehabilitation and reconstruction.
Key Points
- Nepali insurance companies have received claims totaling Rs 20.98 billion from 2,180 policyholders after the Rasuwa flood damage.
- Himalayan Everest Insurance and Sanima GIC Insurance account for the largest claim amounts among non-life and microinsurance firms.
- Property, engineering, vehicle, and marine transport insurance make up most of the claims, while health insurance claims were also reported.
- The government estimates physical infrastructure losses at Rs 473.57 billion and total rehabilitation and reconstruction needs at Rs 723.31 billion.
