Magazine date:
Oct 2012 The new natural catastrophes pool, sponsored by the State, deems the current premium rates too high and plans to choose other rates that are more consistent with market reality. The current annual tariffs, applied by the pool, account for 0.5% of the sums insured for simple risks , 1% for SMEs and 1.25% for industrial risks. The minimum compensation accepted by reinsurers has been set at 50% of the sums insured for natural catastrophe claims, compared to 30% in the past.