Financing resilience: Bridging India’s climate-linked Insurance gap

By Ankur Indrakush, CEO & Co-Founder of Plutas.ai

India is at the frontline of the global climate crisis. Repeated floods and cyclones to heat waves are not only increasing in frequency but also in magnitude. Not only in India, but across regions and countries, the climate crisis is a reality with its ugly manifestations every now and then. The impact on vulnerable groups, farmers, and small businesses is rising sharply. All this makes the requirement for financial protection more obvious and utterly necessary. However, the issue is not about intent but in crafting a financial architecture that can support systemic, simultaneous, and rapidly scaling climate risks.

Climate-linked insurance is a first for all, an ecospace which is of utmost importance but at the same time nascent and unexplored. While the challenges are many, financial companies are connecting and surely on the right path towards bridging the ...