Gallagher creates India’s First Pandemic Insurance using parametric triggers Launched by New India Assurance, Reinsured by Munich Re https://www.taxtmi.com/news?id=59246 A novel Indian insurance product provides indemnity for business interruption from epidemics via parametric triggers, covering revenue loss and extra expenses under a Non-Damage Business Interruption (NDBI) framework. The policy uses predefined epidemiological triggers to enable rapid, transparent payouts and is brokered to align local coverage needs with global reinsurance capacity, converting systemic pandemic exposure into transfer able risk and reducing reliance on insurers' balance sheets. en-us Sat, 18 Oct 2025 13:31:02 +0530 Sat, 18 Oct 2025 13:31:03 +0530 TaxTMI RSS Generator Gallagher creates India’s First Pandemic Insurance using parametric triggers Launched by New India Assurance, Reinsured by Munich Re https://www.taxtmi.com/news?id=59246 A novel Indian insurance product provides indemnity for business interruption from epidemics via parametric triggers, covering revenue loss and extra expenses under a Non-Damage Business Interruption (NDBI) framework. The policy uses predefined epidemiological triggers to enable rapid, transparent payouts and is brokered to align local coverage needs with global reinsurance capacity, converting systemic pandemic exposure into transfer able risk and reducing reliance on insurers' balance sheets. News - Sat, 18 Oct 2025 13:31:02 +0530 https://www.taxtmi.com/news?id=59246