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REPORT ABUSIVE REPLY
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Message Subject
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Cyclone Idai cat 3 made landfall in Mozambique.Thousands of deaths feared.Zimbabwe will open its dams.Red alert
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Poster Handle
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Anonymous Coward |
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Post Content
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"Tropical cyclone Idai poses a grave threat to life in the area and
could be the most powerful cyclone to strike Mozambique since 2000.
In terms of insurance and reinsurance exposure, this is likely to be
relatively limited given low penetration rates in the region, although
there are some commercial installations on this coastline that may have
more robust coverage in place.
Hence, cyclone Idai is likely to once again demonstrate the issue of
underinsurance and the need for greater penetration to be achieved.
Of course, the African Risk Capacity (ARC) has a model for tropical
cyclones and the ability to cover countries at the sovereign level
against this peril. But so far, we believe that no African countries
have taken up this coverage option with ARC."
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Please verify you're human:
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Reason for reporting:
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