india

Share

Exchange-traded weather insurance products set for launch in India

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 National Commodity and Derivatives Exchange (NCDEX) of India has been developing weather-index read the full article →

India’s IRDA has ambitions to see local catastrophe bonds issued

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.India's insurance regulator, the Insurance Regulatory and Development Authority (IRDA), is leading these read the full article →

India’s GIC Re ‘making progress’ on potential catastrophe bond issue

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.Artemis spoke to a representative of the company this morning who confirmed that the project, assessing the possibility read the full article →

India’s GIC Re still investigating catastrophe bonds

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.As Artemis reported back in October, GIC Re would like to be the first Indian sponsor of a catastrophe read the full article →

India’s GIC Re approves use of catastrophe bonds for risk transfer

India's national reinsurance company, General Insurance Corporation of India or GIC Re for short, will look to catastrophe bonds as a potential source of risk capital and transfer as it seeks to provide cover for losses and access capital at cheaper rates, according to a report.GIC Re primarily operates in read the full article →

Opportunities for ILS and collateralized as reinsurance market grows in Asia

The reinsurance market in Asia has significant room for growth given the relatively low level of insurance penetration across the region, according to a report from Fitch Ratings. However risk awareness is increasing, demand for reinsurance from direct insurers in the region is growing and this will naturally lead to read the full article →

Weather insurance market in India growing by 25% annually

Helped by the growth of microinsurance and weather-index insurance, India's weather insurance market has been experiencing rapid growth in recent years. Now with more farmers starting to use weather insurance as a way to mitigate against the risks posed by extreme weather and climate change impacts two of India's biggest read the full article →

Skymet plans weather derivative indices for Indian exchanges

Skymet Weather Services, a provider of weather data and forecasts to various sectors in India, is planning to launch weather derivative indices on commodity exchanges such as India's MCX and NCDEX according to a report in the Business Standard newspaper. Skymet are preparing the modelling and structure of weather derivative read the full article →

The push for weather derivatives continues in India

The Indian financial markets have been pushing for regulation to be introduced that would allow for the use of commodity options and derivatives, including weather derivatives, has been under way for nearly two years now. We've written about this previously, here and here, with the latter article discussing moves by read the full article →

Farmers receive weather-index insurance payments in India

HDFC Ergo General Insurance in India have announced that they have made their first payments under their weather-index insurance programme due to heavy rainfall in the Dewas district of India. The index based weather microinsurance coverage was offered for this first time in 2011 to protect soybean farmers from heavy read the full article →