Creation of a pandemic risk pool in india

Assurance automobileFollowing the example of some countries, the Indian regulatory authority (IRDAI) is working on setting up an insurance pool for pandemic risks.

Since the outbreak of Covid-19, the economic activity has significantly decreased. The lockdown and social distancing measures have aggravated the crisis leading to falling incomes and a decline in GDP.

In this context, IRDAI is considering the creation of specific coverage to compensate the business interruption losses. Such initiative could cover part of the damage caused by a possible second wave of the coronavirus.

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