Nepal floods could cost insurers over $130 mln even before death, injury claims

Nepal's recent flood may cause over 20 billion Nepali rupees in insured losses. Hydropower projects sustained the most significant damage from the devastating event. Delayed repairs could trigger business interruption payouts for postponed plant operations. Nepal's small non-life market relies on domestic and foreign reinsurers. Insurers may review Himalayan infrastructure risks and increase premiums.