Reinsurers to absorb significant chunk of modest insured losses from Nepal floods: AM Best
Victoria Ohorodnyk, Senior Director, Head of Analytics, AM Best, explains that international reinsurers are expected to absorb a significant share of the overall modest insured losses from the devastating flash floods in Nepal, driven by the fact the country’s non-life insurance market relies heavily on reinsurance capacity to underwrite catastrophe risks. In its commentary, “Nepal’s…