With the Indian state of Kerala remaining highly vulnerable to numerous types of natural disaster events, the state has reportedly asked the countries Union government to consider issuing catastrophe bonds in order to help provide protection against disaster-linked financial losses, according to a report from The Hindu.
Readers may recall that there have been recent calls for India to develop its own regulatory framework for insurance-linked securities (ILS), including catastrophe bonds.
In August 2025, the panel, the Working Group (WG), which consists of industry experts, particularly within Alternative Risk Transfer (ART) arrangements, published a report that outlined how the International Financial Services Centres Authority (IFSCA) can play a crucial role towards making India a hub for cat bonds.
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