Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

El Nino should reduce catastrophe costs in Australia: Morgan Stanley

November 03, 2015 Reprints

U.S.-based investment bank Morgan Stanley has said in a report that El Nino should bring about 40% lower than average catastrophe costs in Australia, reports Asia Insurance Review.

"Drier weather tends to result in lower catastrophe costs," said Morgan Stanley.

Less rainfall, warmer temperatures and increased risk of bushfires are the effects of El Nino in the country.

Insurers would benefit in spite of the increased risk of bushfires due to El Nino, added Morgan Stanley.

Help

El Nino should reduce catastrophe costs in Australia: Morgan Stanley

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources