Tropical Cyclone Chido, which hit the French overseas department Mayotte this week, is set to cost between €650m and €800m in insured losses, with at least half covered directly by the French nat cat scheme CCR. The initial estimates from CCR, which allows insurers to benefit from its coverage against natural disasters backed by an unlimited state guarantee, counts the financial cost from one of the first cyclones in the South-West Indian Ocean cyclone season. 👉https://ow.ly/kKVS50UuTx1 #CycloneChido #PropertyInsurance #RiskSpecialty
