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The floods that hit Galati last weekend confirm once again, not only the high degree of exposure of rural households at risk of flooding, but low level of insurance penetration in rural housing
"We're talking about a vulnerability in rural areas which, in principle, could be alleviated if there was protection through insurance. Reality shows, however, that insurance is hard to reach in rural areas" said Aurel Badea, head of technical underwriting general and life insurance of Allianz-Tiriac.
For more information please read the Romanian version of the article, here.
