'Insurance coverage expansion to underserved segments can save govt $10 bn'

Q: How long will it take to read this news story?

The story "&#039;Insurance coverage expansion to underserved segments can save govt $10 bn&#039;" has 658 words across 26 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "&#039;Insurance coverage expansion to underserved segments can save govt $10 bn&#039;" was covered 8 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 334 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23575676</li><li>URL: https://beamstart.com/news/insurance-coverage-expansion-to-underserved-173152</li></ul>

Business Standard Logo Business Standard 8h ago

'Insurance coverage expansion to underserved segments can save govt $10 bn' - Business Standard

Quick Summary:

Further, creating natural disaster insurance pools with mandatory coverage for ecologically sensitive areas could minimise financial losses for small and medium-sized enterprises (SMEs) and other businesses affected by catastrophic events.

Additionally, targeted interventions in crop insurance could help minimise crop losses, compensate for crop damages, reduce loan defaults, and enhance production yields, according to the report.

The government could potentially save nearly $10 billion annually by expanding insurance penetration to include underserved populations and events, which could be redirected towards stimulating economic growth, according to a McKinsey report.