Month: May 2024

Third party liability insurance of vehicles is a social security mechanism designed by the modern societies to protect the victims of road accidents. It also provides security to the owners…

General Insurance Companies enter into service agreements with motor workshops/garages for the purpose of providing motor insurance claim services for repair of accident vehicles. It is noticed that the service…

(i)     Compliance requirements prescribed for the Branches of the foreign reinsurers under Public Disclosures by Insurers vide IRDAI circular ref. no. IRDAI/F&A/CIR/MISC/256/09/2021 dated 30.09.2021 and (ii)    Revised Guidelines on Stewardship…

Insurance Information Bureau of India has been periodically publishing the industry Burning Cost for Fire perils (FLEXA). All insurers have been informed that the purpose of this is to give…

INTRODUCTION: The Fire Insurance portfolio of all General Insurers in India was right from the beginning for all time considered as a profit generating assortment. All insurers knew that Fire…

Abstract: Insurance, particularly non-life insurance, is an economic activity, which because of its complexity, is difficult to properly comprehend. Rather, is easily susceptible to misunderstanding. It has endowed itself with…

INTRODUCTION: As the COVID-19 pandemic continues to unfold, what began as a health crisis is quickly turning into a financial one. The global economy is in turmoil and expected to shrink…

In mid-March 2020, as the COVID-19 pandemic was exploding in the US, the attack came. Hackers hit the Department of Health and Human Services with a breach of its systems, unleashing a…

Abstract: Look at the world around us. It will not take much time to realise the omnipresence of unsafe practices and lack of responsible conduct in all spheres of our…

Of late, human lives are fraught with increased incidence of health ailments on account of routine and sedentary lifestyles. Though, there is considerable improvement in medical technology in addressing the…