MUMBAI: The India matches in the 2023 ICC Men's Cricket World Cup are emerging as the most insured sporting events in India, with each match being insured up to Rs 80 crore. The most significant insurance coverage comes from the broadcaster Star India, where the total sum insured across 48 matches is estimated to be close to Rs 1800 crore. This figure does not include the coverage purchased by other stakeholders.
Insurers are breathing a sigh of relief as there haven't been any significant match curtailments, and they are keeping their fingers crossed for the finals tomorrow. An insurance broker stated, "The Asia Cup, which preceded the World Cup, experienced significant claims due to match cancellations caused by weather. In comparison, the current World Cup has witnessed only minor disruptions, which may not lead to a substantial claim."
