Flooded street in Jakarta
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Jakarta floods prompt huge claims

The insurance industry is expecting many claims for compensation after last week's floods in Jakarta, which prompted Indonesia to declare an emergency.

The clean up operation is continuing in Jakarta after severe flooding last week that forced the government to declare a state of emergency.

Nearly 20,000 people were left homeless after unusually heavy rains left the capital of Indonesia waist deep in water. Businesses were forced to close as many areas of the city lost electricity.

Graham Handy, an insurance expert from Ernst & Young, told the BBC's Asia Business Report that the industry is braced for significant claims for compensation.