Industry

Insurance cost up to 60% after social outbreak – ca. $2.5bn insured losses

The price of insurance over physical damage to property in Chile increased 20%, while policies covering vandalism damage jumped 40% since the October social outbreak, according to Lionel Soffia, president of Gallagher for Latin America. The days of violence would have caused insured losses of between $ 2 billion and $ 2.5 billion, according to estimates by Aon, the country’s largest insurance and reinsurance broker, measured by the volume of intermediated premium.

Source: La Tercera Pulso