Global environmental insurance market capacity up to $600 billion
Posted On: Mar. 26, 2015 12:00 AM CSTYuri Markin, head of liability insurance at American International Group Inc. in Russia, has said that capacity of the global environmental insurance market is up to $600 million, reports Forinsurer.
The number of claims for damage to the environment has been increasing at a rate of 20% to 30% per annum since 2009, said Mr. Markin. There are about 40 insurers in this space, added Mr. Markin.