He El Niño phenomenon (FEN) is characterized by irregular rains, floods, landslides and droughts that affect various economic activities, generating large losses in different areas of the country.
In accordance with Marsh McLennana company that covers 30% of the country’s insurance portfolio, Energy is the sector that generates the highest spending on policies during this type of weather events. In the 2017 FEN, this item reported 20 claims for a total of US$107.88 million in compensation, this represented around 42% of the total disbursed by the company. This year, during Cyclone Yaku, it registered 4 claims for a total of US$21.2 million.
Aldo Stagnaro, assistant manager at Marsh McLennan Peru, explained that this considerable amount of claims is due in part to the fact that many hydroelectric plants are located near rivers to take advantage of the water for energy generation, which makes them vulnerable to flooding. . Furthermore, he highlighted that the energy sector has a high level of insurance. “They are one of the most formal (companies) and they take all the corresponding insurance,” he commented.
On the other hand, the sector of infrastructure and construction It occupies second place in terms of disbursements due to the FEN. In 2017, 35 claims were reported that totaled US$55.08 million, which is 22% of the transferred expenses.
During Cyclone Yaku, compensation reached US$12.10 million due to 29 reports of incidents. Among the main assets affected are bridges and roads.
Finally, a third sector affected by the phenomenon is the agricultural. Between the FEN of 2017 and Cyclone Yaku, compensations exceeding US$50 million have been recorded due to a cumulative total of 73 reported incidents.
Source: Larepublica
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