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The Fiji Times » Survey: 1 per cent of businesses were insured

Monika Singh
10 July, 2021, 6:30 pm
Royal Australian Air Force brought in Severe Tropical Cyclone Yasa relief supplies at Nadi International Airport. Picture: REINAL CHAND
A new research has revealed that just 1 per cent of businesses among the hardest hit by Tropical Cyclone Yasa were insured against the disaster.
Carried out by the International Finance Corporation (IFC) and the Ministry of Commerce, Trade, Tourism and Transport (MCTTT), the Fiji TC Yasa Business Survey revealed that the financial impact on more than 1500 Fijian businesses, which were among the hardest hit by TC Yasa, is estimated at $25 million.
The survey also revealed that 92 per cent of the businesses surveyed were impacted by TC Yasa, with the Northern region being the most impacted by the cyclone. ....

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The Fiji Times » Support for women entrepreneurs vital – TC Yasa business survey recommendations

The Fiji Times » Support for women entrepreneurs vital – TC Yasa business survey recommendations
fijitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fijitimes.com Daily Mail and Mail on Sunday newspapers.

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IFC - International Finance Corporation (via Public) / Research Reveals Financial Impact on Businesses from TC Yasa was Exacerbated by Lack of Insurance

Research Reveals Financial Impact on Businesses from TC Yasa was Exacerbated by Lack of Insurance

Suva, Fiji, July 8, 2021- The financial impact on more than 1,500 Fijian businesses, which were among the hardest hit by Tropical Cyclone (TC) Yasa, has been estimated at FJD$25 million, while only a fraction were insured against the disaster, new research has revealed.
A survey by the Ministry of Commerce, Trade, Tourism and Transport (MCTTT) and the International Finance Corporation (IFC) of 1,554 Fijian businesses showed that while 92 percent were affected by the cyclone when it struck in December 2020, only one percent had cyclone insurance. Tropical Cyclone Yasa - a Category 5 - was the strongest tropical cyclone in the South Pacific since Winston in 2016. ....

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