Outsurance dodges climate catastrophes
The insurer has emerged unscathed from biblical-scale floods in South Africa and Australia, and promises its Irish ambitions will only add to growth prospects
30 March 2023 - 05:00
The southern hemisphere isn’t only about sunny climes and dodging gloomy northern winters. As climate change manifests, countries from South Africa to Australia are living through inclement weather on a grand scale, such as biblical-scale floods and sweeping veld fires.
In the second line, behind owners losing their assets and, in the worst cases their lives, are the short-term insurers. Outsurance, whose business straddles the southern Indian Ocean between South Africa and Australia, is a case in point. The company, like other insurers, faced enormous catastrophe claims last year...
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