India: Increasing calls for catastrophe pool for insurance

Calls for creating a natural catastrophe pool for insurance in India are on the rise, reports Business Standard.

A proposal has been submitted to the country's disaster management authority.

The structure aims to cover major risks and the planned pool would cover losses from natural catastrophes.

All general insurers will be stakeholders in the pool.

Insurers are increasingly urging creation of such a pool in order to share risks, Business Standard reports.

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