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Panel Formed for 'Indian Pandemic Risk Pool'-- By IRDAI

Published on July 12, 2020
Current Context: The Insurance Regulatory and Development Authority of India (IRDAI), being the regulatory provider has formed a panel which will examine the degree of convenience of ‘Pandemic Risk Pool’.


Panel Formed for 'Indian Pandemic Risk Pool'-- By IRDAI
  • The panel will be headed by Suresh Mathur, Executive Director of IRDAI.
  • The panel will be consisting of 9 members who are representatives of well-known industries.
  • The panel will analyse various risk being faced by insurance providers in India.
  • The risks include business interruption loses without concurrent material damage loss, employment loss, inadequacy in financing policies etc. And the panel will submit the report within 8 weeks.
  • The 'Indian Pandemic Risk Pool’ is responsible to provide guidance, assistance and remedial measures to the insurance companies during situations like floods, earthquake or pandemic like COVID-19. All the assurity of claiming activities will be taken by such pool.
  • The panel will also study the need of setting up Pandemic Risk Pool, will recommend structure and operating model for the pool and will examine other related matter to the subject.
  • Static part: 
    • HQ of IRDAI: Hyderabad

Question: 

Q.1 Who among the following will head the panel‘Pandemic Risk Pool’ formed by IRDAI?
a. Saba Talukdar
b. M N Manushi
c. Hitesh Kotak
d. Suresh Mathur
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