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June 17, 2020

Historic First in Nagaland, India

Insurance Protection Against Natural Catastrophes & Disaster Risks through Parametric Insurance

In May 2020 the Nagaland State Disaster Management Authority (NSDMA) has inked a Memorandum of Understanding with Tata AIG General Insurance Company Limited and Swiss Re as its reinsurance partner, to provide insurance protection for this year’s monsoon season.
This historic step by India’s northeastern state of Nagaland to opt for disaster risk financing through insurance protection, can lead to a big leap in the country’s efforts to strengthen resilience.
The InsuResilience Solutions Fund is proud to support the NSDMA in its effort to establish an effective and efficient disaster risk management system by providing advisory services.
Read the full article here.

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