FRANKFURT: Allianz has started to make payment on claims linked to the disappearance of MH370 on March 8, the German insurer said on Tuesday.

Allianz confirmed last week it is the lead insurer covering the Malaysia Airlines jet, while Willis has emerged as broker, Reuters reported.

"Allianz Global Corporate & Specialty and other co-reinsurers of the Malaysia Airlines aviation hull and liability policy have made initial payments," the insurer said in a statement.

"This is in agreement with the insurance broker, Willis, and is in line with normal market practice and our contractual obligations where an aircraft is reported as missing."

German business daily Handelsblatt earlier reported payment in the case would amount to around €100 million (RM500 million) for the aircraft and the people aboard.
It is unclear how much of the claim will be passed on to other insurers in the consortium.

Allianz declined to comment on the financial details.

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Denger2 dr agen allianz sodara ane nilainya mencapai 1.5T.
Pantesan selama ini ada temuan puing selalu dibantah. Mungkin dalam claim asuransi kalau ada human error atau error dr pesawat atau maskapai, asuransi tdk akan keluar. Maka diangkat lah isu pembajakan, terorisme, dll.
Ga tau sih ya soal clausul utk pesawat.