Govt and GIC Re are in talks to set up an exclusive mega Pool to reinsure country’s all hydropower plants

Govt and GIC Re are in talks to set up an exclusive mega Pool to reinsure country’s all hydropower plants

N Ramaswamy, CMD, GIC Re “Currently, due to the huge catastrophic risks involved, there is very limited reinsurance capacity available for hydro power plants. More often, catastrophic covers are sub-imited.  With climate risks and rising frequency and...