Insurers remain mindful of the risks with catastrophe cover, with the 2008 Sichuan earthquake causing losses of 845 billion yuan. Photo: AP Insurers remain mindful of the risks with catastrophe cover, with the 2008 Sichuan earthquake causing losses of 845 billion yuan. Photo: AP
Insurers remain mindful of the risks with catastrophe cover, with the 2008 Sichuan earthquake causing losses of 845 billion yuan. Photo: AP

Catastrophe insurance scheme on the way, but huge risks may deter insurers from taking part

But with potentially huge claims arising from disasters such as earthquakes on the mainland, experts say insurers will need Beijing's support

Insurers remain mindful of the risks with catastrophe cover, with the 2008 Sichuan earthquake causing losses of 845 billion yuan. Photo: AP Insurers remain mindful of the risks with catastrophe cover, with the 2008 Sichuan earthquake causing losses of 845 billion yuan. Photo: AP
Insurers remain mindful of the risks with catastrophe cover, with the 2008 Sichuan earthquake causing losses of 845 billion yuan. Photo: AP
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