French insurers see little impact from tsunami

3rd January 2005, Comments 0 comments

PARIS, Jan 3 (AFP) - The Asian tsunami disaster should have a modest impact on the world economy because the region's major industrial sites were largely spared, the chairman of the French re-insurance group Scor said here Monday.

PARIS, Jan 3 (AFP) - The Asian tsunami disaster should have a modest impact on the world economy because the region's major industrial sites were largely spared, the chairman of the French re-insurance group Scor said here Monday.  

"It is a humanitarian catastrophe according to the number of victims but from an economic standpoint the damage is relatively limited," Denis Kessler told the radio station Radio Classique.  

The death toll in the huge earthquake-triggered Indian Ocean tsunami December 26 has now reached 145,000 in countries from southeast Asia to east Africa.  

But Kessler said major ports, airports and industrial installations in the stricken region had escaped significant damage.  

He added that while certain insurance companies will be called on to cover operating losses sustained by big hotels in the area, "all of that, from an economic point of view on a global scale, remains measured."

© AFP

Subject: French News

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