Insurers seek a common repository for health data

Mumbai: Amid a sharp increase in insurance application rejections for term and health covers owing to new co-morbidity risks in the aftermath of the coronavirus, India’s insurance industry is seeking access to a common database for health data, like CIBIL. Such a repository functional under the aegis of Insurance Information Bureau (IIB) can help in curtailing losses for insurers on account of frauds. It can also reduce compliance processes for