To study and make recommendations on the formation of an Indian Pandemic Risk Pool, the IRDAI has formed a working group. It has been given the task to examine the possibility of addressing the different risks which have arisen out of a COVID-19 pandemic with the help of a “Pandemic Risk Pool”. These risks include Business Interruption losses without concurrent Material damage loss, loss of employment would result in huge losses much beyond the capacity of Government /Insurers /Reinsurers. Executive Director of IRDAI Suresh Mathur will be the Chairman for the 9-member working group. Members of the group are: Suchita Gupta, Hitesh Kotak, Ankur Nijhawan, Susilendra Rao, Shilpa Yadav, M.N.Munshi, Ajay Kumar, and Saba Talukdar.
To study and make recommendations on the formation of an Indian Pandemic Risk Pool, the IRDAI has formed a working group. It has been given the task to examine the possibility of addressing the different risks which have arisen out of a COVID-19 pandemic with the help of a “Pandemic Risk Pool”.
These risks include Business Interruption losses without concurrent Material damage loss, loss of employment would result in huge losses much beyond the capacity of Government /Insurers /Reinsurers. Executive Director of IRDAI Suresh Mathur will be the Chairman for the 9-member working group. Members of the group are: Suchita Gupta, Hitesh Kotak, Ankur Nijhawan, Susilendra Rao, Shilpa Yadav, M.N.Munshi, Ajay Kumar, and Saba Talukdar.