Insurers have relaxed their policy terms for victims of the Asian tsunami.
Peter Hubbard, chief executive of AXA Insurance, confirmed that it would be waiving all but one excess if their customers needed to claim on more than one section of its travel policy and was covering claims for replacement house locks and keys.
Europ Assistance has sent a special crisis team to the region together with a specially equipped Airbus. It has so far repatriated 41 injured people including two Britons.
Meanwhile, reinsurance losses following disaster are estimated to be around $4bn-$5bn, with renewal rates expected to remain stable, according to the deputy chairman of Aon's reinsurance division, Charlie Cantlay.
