Phoenix Mills becomes the first Indian company to secure parametric trigger-based insurance to protect against pandemic- or epidemic-related business interruption losses.
The industry body says procedural reform and consistent national rules are needed to tackle rising legal costs and restore public liability market stability.
The insurer recorded a 9% return on equity in the first half of 2025, supported by fair-value gains that helped offset weaker recurring investment income.
Zurich Insurance Group, the Cyber Threat Alliance, and the CyberGreen Institute proposed six national-level cybersecurity metrics to help governments measure and strengthen resilience.
