Ravichandran N. informs that Kotak GI’s underwriters utilise Natcat tool offered by global reinsurers to identify location based exposure
Mehul Dani: What kinds of products do you have to help customers in India mitigate loss against heatwaves?
Ravichandran N.: Globally, frequency of heat waves has increased significantly due to global warming leading to forest and city fires and so is the value of damage resulting from the same. Major impact is towards loss of properties. Apart from this, there is an impact on human life and health. In India, property insurance policies cover forest fires, city fires etc and indemnify loss to properties as well as loss due to business interruption as a result of fire loss. This, in a way, mitigates loss to properties.
Climate change is intensifying the water cycle, bringing more intense rainfall and associated flooding. What kinds of products do you have to help customers in India mitigate loss due to floods?
Flood could be result of many factors, such as urban flooding due to excess rainfall, flash flood or cyclonic surges. While traditional property insurance covers flood and inundation perils, parametric cover for flood is also coming in the market, based on rainfall level of water level from the surface.
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Denne historien er fra October 2021-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Finance gears up for festivities
BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:
Non-cash transactions can touch a phenomenal level by 2028
Capgemini Research Institute’s World Payments Report 2025 highlights the era of account-to-account an instant payments:
The Confluence of Artificial Intelligence and Cybersecurity: AI as the Game Changer
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A new trinity in digital lending space
Three platforms in the lending space are poised to change the way lenders offer credit and borrowers access funds in India:
Finance gears up for festivities
BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:
Small MFI, International Engagements
Mitrata Inclusive Financial Services in the midst of transformation growth
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Even as MFIs are fueling economic growth for the underprivileged, what is interesting is that they are transforming themselves in areas like HR, technology, funding, leadership, collections, and more. Banking Frontiers presents the initiatives and initiatives at 9 such organizations:
Climate Risk Forum for CROS
Excerpts from a discussion on shaping the future of climate change resilience in India:
Seamless Supply Chain Finance
Deep insights emerge from this fireside chat at NBFC's Tomorrow Conclave.
Star Health sees strong demand from the IT sector
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