AIG warns on rise in Asia-Pacific nat cat travel claims

Plane in a storm

Over the last three years claims data from AIG Singapore shows an 85% increase in travel claims made for such incidents, with natural disasters being the costliest with an average claim amount of S$2,610 (£1500). AIG Singapore predicts that these trends will continue throughout 2017, resulting in a 10% rise in demand for premium travel products offering a greater amount of cover. Ignatius Chng, AIG Singapore vice-president and head of group personal insurance, commented, “As Singaporeans co