In a recent panel discussing how reinsurance strategies can expand insurance access in India, Mahipal Reddy, Executive Director, International Financial Services Centres Authority (IFSCA), GIFT City, Gujarat, suggested that the analytical framework already set in place for catastrophe bonds and insurance-linked securities (ILS) will drive the popularity of parametric solutions.
At the 29th Federation of the Afro-Asian Insurers & Reinsurers (FAIR) General Assembly in Mumbai, India, experts and leaders discussed closing India’s insurance protection gap.
According to Satyajit Tripathy, Member Distribution, Insurance Regulatory and Development Authority of India, accessibility, awareness and affordability are the three As that will help close the country’s prevalent protection gap.
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