Sri Lanka, Dec. 14 -- Leveraging AI-driven models, satellite data, and technology for crop insurance. Improving risk management and resilience. Stresses need for greater awareness on importance of insurance Emphasises need for parametric insurance to support affected communities Given the scale of the damage to the economy and the country at large by the 'Ditwah' cyclone questions have been raised whether the insurance industry would have to rethink of insurance as climate-related disasters are said to be more frequent and how it would cope with the staggering number of claims that would be coming up for settlement in the days to come.

The Sunday Observer spoke to officials of the Insurance Association of Sri Lanka and insurance companie...