MUMBAI : The absence of the reinsurance option for covid 19 policies has been a challenge for the insurance industry, said representatives of both life and health insurers during the Pivot or Perish online insurance meet organized by Mint on Thursday.Prasun Sikdar, managing director and chief executive officer, Manipal Cigna Health Insurance Co.
Ltd, said indemnity covers do not present a huge reinsurance need since most corona patients are asymptomatic or have mild symptoms.