ISF co-funds parametric solution for remote Indian state

Nagaland faces high levels of disaster and climate-related impacts.

InsuResilience Solutions Fund (ISF) co-funded the development and implementation of a parametric insurance solution to improve Nagaland’s disaster response capabilities.

Nagaland, one of India's smallest and most agriculture-dependent states, faces high levels of disaster and climate-related impacts.

After the launch of this insurance mechanism, ISF is now providing additional premium support.

Nagaland State Disaster Management Authority (NSDMA), in collaboration with Tata AIG General Insurance Company Limited, developed a climate risk insurance solution to enhance the State Disaster Response Fund’s (SDRF) capacity to respond to major climate events.

This initiative, supported by ISF, began with a pilot of a basic parametric excess rainfall cover in 2020.

Following its success, ISF is extending its support with further premium assistance, enhancing Nagaland's disaster management capabilities.

Follow the links for more news on

Climate Insurance

insurance

Also Read

Philippine life insurance sector slated for 5.4% CAGR by 2028

Property insurance industry to exceed $152b by 2028

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit