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Issuance of Nuclear Safety Bonds to Garner Part of Insurance Capacity for Proposed Indian Nuclear Insurance Pool

Dated:- 21-3-2015 - General Insurance Corporation of India (GIC Re) proposes to issue Nuclear Safety Bonds to garner part of insurance capacity required for proposed Indian Nuclear Insurance Pool. GIC Re has floated Expression of Interest (EOI) to en .....

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ince nuclear risks are of low frequency but of high severity nature, worldwide such risks are covered by pooling arrangements. The proposed Indian Nuclear Insurance Pool is such a risk transfer mechanism. An in-principle approval has been received fr .....

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