Malaysian insurers face flood losses of up to $718mn
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Malaysian insurers face flood losses of up to $718mn

Samuel Casey
30 December 2021
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Flood waters, Northern New South Wales, Australia

The insurance industry in Malaysia is facing losses of between 2bn-3bn Ringgit ($479mn-$718mn) relating to flooding across the country, according to its national trade association PIAM.

The estimates include actual and potential personal lines and commercial losses directly resulting from recent flash floods and the upcoming monsoon season.

Malaysia

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Topics

News Property treaty Claims and losses
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Samuel Casey
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