Following 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.