In 2019, Sri Lanka recorded the highest reported elephant deaths and second highest number of human deaths in the world due to the human-elephant conflict (HEC). Each year, the reported number of crop losses, property damage, and human and elephant deaths continue to be considerably high. These numbers could be even higher due unreported cases. Regardless of the immediate causes of individual incidents, the growing competition between humans and elephants for living space is the main underlying reason for many such incidents. This blog looks at how insurance could help affected communities.
As Sri Lanka’s recent surge in coronavirus (COVID-19) infections shows, there is still no end in sight to the disruptive effects of the virus. Robust policies to deal with the related economic uncertainties can help to contain the fallout without major run long costs for the Sri Lankan economy. These involve short-term emergency actions and more medium-term stabilisation measures.