February 28, 2024

Chennai Floods Quote by Mr. Raghavendra Rao, Chief Distribution Officer, Future Generali India Insurance Company Ltd

Chennai Floods Quote by Mr. Raghavendra Rao, Chief Distribution Officer, Future Generali India Insurance Company Ltd“At present, it remains premature to ascertain the precise ramifications of the flood on properties, vehicles, and establishments, given that a comprehensive evaluation of the damage is yet to be conducted. But, going by the quantum of claims the industry had registered during the previous floods in Chennai in 2015, we expect the impact to be substantial. Motor Insurance is likely to constitute the biggest chunk of the total claims, followed by property and commercial establishments.”

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