In this episode of “Insurance Matters”, host Juliette Foster delves into the aftermath of the devastating explosion that rocked Beirut on August 4, 2020, which resulted in 218 deaths, 7,000 injuries and an estimated $15bn in property damage, leaving around 300,000 people homeless. She is joined by Chakib Abouzaid, the Secretary General of the General Arab Insurance Federation, and Liz Booth, editorial director at Africa Ahead. The complexity of the claims process was exacerbated by Lebanon’s economic crisis and a sharp devaluation of its currency. This episode emphasises the significance of loss adjusters in assessing and valuing claims in such complex scenarios.
COMMENTS