india

The ambition to establish India’s GIFT City as a hub for insurance-linked securities is gaining momentum. However, as Iain Reynolds, Head of Third-Party Capital at Peak Re, noted at the IFSCA-IRDAI-GIFT City Global Reinsurance Summit 2026 today, success requires more than just a regulatory framework, it requires a clear focus on what the regime is […]

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.

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.

An expert panel has recommended that India develops its own insurance-linked securities (ILS) regulatory regime through its International Financial Services Centres Authority (IFSCA), which would include exploring the issuance of instruments such as catastrophe bonds.

In order to develop India’s International Financial Services Centre (IFSC) into a competitive global insurance and reinsurance hub, a committee has advised that offering regulated frameworks for insurance-linked securities (ILS) such as catastrophe bonds is critical.

Catastrophe risk modelling specialist has launched a new multi-peril crop insurance risk model for India, which it believes will help underwriters better understand and estimate potential losses due to yield shortfalls.

Once again the discussion of exchange-traded weather risk management products for Indian farms, companies and insurers has come to the fore, but this time the plan is for a product to be launched after September of this year.

The Indian insurance and reinsurance market is going through a stage of modernisation, with a number of initiatives seeking to better inform consumers, encourage foreign capital into the market and to ready the market for new product developments.

According to a representative of India’s national reinsurance company, General Insurance Corporation of India or GIC Re, the company is making progress in its efforts to become the first Indian catastrophe bond sponsor.

India’s national reinsurance company, General Insurance Corporation of India or GIC Re, is continuing to look at catastrophe bonds as a viable addition to its retrocessional reinsurance program, according to its chairman.