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International

Insurers urged to scale up on catastrophe cover

March 28, 2017 Reprints

Insurers and reinsurers in the Middle East and North Africa region have been urged to cover perils which were earlier beyond their scope of business, Middle East Insurance Review reported. "Setting up a valid system to cover the impacts of natural catastrophes would provide a multidimensional approach by which the insurance sector would play a prominent role," said Lassaad Zarrouk, president of Tunisian Federation of Insurance Companies. The region has suffered $20 billion worth of losses due to natural catastrophes in the past 30 years

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Insurers urged to scale up on catastrophe cover

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