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International

Material damage, BI insurance lines still profitable for insurers

October 01, 2021 Reprints

A report by insurance broker Crombie Lockwood (NZ) Ltd. said that material damage and business interruption insurance lines continue to remain profitable for insurers in New Zealand despite several major weather-related disasters, Asia Insurance Review reported. The report highlights that the infectious disease exclusions from policies helped in reducing the direct impact of COVID-19 on BI claims.

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Material damage, BI insurance lines still profitable for insurers

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