“Incidents of floods in India seems to be regular in recent years. The reinsurers may ask the primary insurers to manage the risk with their premium rates. If the primary insurers want a catastrophic insurance cover, then the reinsurers may levy higher deductible to cut down on his own losses in case of flood losses,”

“The policies will provide security to property developers and new age buyers against defects in title of the property. This regulation will bring a lot of confidence among buyers, bankers and financiers. The rising policy assurance in the market will also improve home financing options, while ensuring timely delivery of projects,”

“Helping more Indian families rise out of poverty remains a challenge we’re committed to tackling; creating thousands of new companies and millions of new jobs is key to that. This alliance can make that goal a reality,” said Christine Heenan, Vice President for Policy, Partnerships and Communications, The Rockefeller Foundation.