Benefits of auto insurance in hurricane season

The hurricane season starts, repeatedly warning information on disaster risks was mentioned. Insurance service is referred to as a limited solution focus risk.

Recent studies of the Asian Fund pointed out that, in the past 20 years, Vietnam is 1 in 5 countries with the highest disaster risk in the world. According to the evaluation of the Institute of hydrology, auto insurance company, meteorology and environment (Ministry of natural resources and the environment), in 5 years, each year the disaster that killed about 500 people and damaged 14,500 billion, equivalent to 1.2% of GDP.



It is known in Asia in recent years repeatedly encountered many serious disasters from hurricanes, floods, earthquakes to tsunamis. Statistics shows that only in 2014, natural disasters have caused economic losses of up to 110 billion dollars, while in Asia, the figure up to 52 billion dollars, accounting for 47% of the total economic losses caused by natural disasters worldwide. Most recently, the earthquake in Nepal have internodes up ring about the need for insurance.

Speaking at a seminar held in Ho Chi Minh City recently, Mr. Bala Suppliah, in charge of risk analysis for Asia-Pacific, the auto insurance company that AIG, the insurance needs, natural disasters in Vietnam will be enterprises inside and outside the insurance industry more interested.

"In the context of natural disasters occur frequently, the top concern of businesses in Asia including Vietnam not only damage to property but also economic losses due to interruption of business.

Businesses understand that, by using the natural disaster insurance business has diminished somewhat anxiety and financial damage to themselves, "said Bala said and well said, what makes the difference between insurance companies is likely to up the model risk ratio assessed , advice and recommendations, propose solutions and effective technologies to reduce the risks at the lowest level possible. The multinational insurance companies still have the advantage in strong financial compensation to assist enterprises in major disaster situations.

In today's Vietnam, disaster insurance as well as insurance products, climate disaster is business interruption insurance ... haven't really been focused. However, after the "Newt" super salmon in Hanoi last June, although property damage is not too great, the range on the under 10 billion and losses mainly motor vehicles but "shield" role was also more positive.