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The Economic Times

Economy / The Economic Times

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Insurance-linked securities on anvil to diversify risks

The International Financial Services Centres Authority (IFSCA) plans to set up special purpose vehicles (SPVs) to issue insurance-linked securities like catastrophe bonds, aiming to diversify insurance risk beyond traditional reinsurance. Chairman K. Rajaraman said private equity and other investors could participate in risk-sharing, making the insurance industry more stable and sustainable. The IFSCA will soon approach the government to operationalize these SPV structures.

24 Feb 2026 12:43 am