Phoenix Mills becomes the first Indian company to secure parametric trigger-based insurance to protect against pandemic- or epidemic-related business interruption losses.
The talks also cover potential funding mechanisms for the scheme, including the use of disaster relief funds or small deductions on utility bills, according to a government official cited by Reuters.
Annual report notes record US$3m payout to Lao PDR after Typhoon Yagi, capping a year of quick relief, expanded partnerships, and new coverage strategies for the region.
