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Industry observers suggest the total insurance losses for the deadly Tianjin blasts could reach some 5 to 10 billion yuan, or at least 900 million US dollars.
业内人士称,天津爆炸事故所有的保险损失可能达到大约50亿至100亿元人民币,或至少9亿美元。
This comes after China's insurance watchdog has called for a quick response to insurance claims from the deadly blasts.
The China Insurance Regulatory Commission (CIRC) says insurance firms should have adequate funding on hand in an attempt to support families of victims.
Right now, emergency response plans have already been put in place for major insurance companies, including Pingan, China life and Sunshine insurance.
China Pacific Insurance has prepaid 2 million yuan to a Tianjin local logistics firm to help restart its production line.
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