as 22 natural disasters, India witnessed 16, the report said.
According to him, both insurance for natural disaster and reinsurance are interlinked. "Particularly, for natural disaster insurance, there has to be a good reinsurance system] in place," he said.
"Suppose we have situation of a flood, like we had in Mumbai or some other place. Unless we have good reinsurance and systems in place it might be problematic for the Indian] industry. You can't address catastrophe unless you have strong reinsurance. Both go together," he said.