Chile secures $630m earthquake insurance deal with World Bank

20-03-2023

Chile secures $630m earthquake insurance deal with World Bank

The Government of Chile has agreed to a catastrophe bond and swap transaction with the World Bank protecting it from $630 million worth of damage and disruptive economic impacts of earthquakes and resulting tsunamis. Chile is one of the most seismically active countries in the world, experiencing some of the largest earthquakes ever recorded.


Chile, Earthquake, World Bank, Catastrophe bond, Transaction, Insurance, Reinsurance

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