After the Queensland and New South Wales flooding crisis, insurer Suncorp revealed it has received 34,000 claims – but expects over 44,000 by the end of the disaster.

Suncorp updated investors via the ASX on Wednesday, with losses from the event expected to total $75 million.

To limit Suncorp’s exposure further, the flooding will be treated as four separate incidents for reinsurance purposes.

Many affected areas will struggle to find affordable insurance in future, as reinsurers re-price risk as a result of the floods.

свернуть