Key messages Escalating frequency and severity of global risks—from climate change to cybercrime—is intensifying focus on the insurance industry’s capacity and readiness to react as society’s “financial safety nets.” Most…
Here are 10 FAQs on Fire insurance in India: Q1. What is fire insurance? Fire insurance is a type of property insurance that protects against financial losses arising from…
Introduction The insurance industry in India liberalized in 2000. Even after two decades, the reach has not expanded beyond the urban domains. If the overall market has to grow, insurance…
IRDAI (Unit Linked Insurance Products) Regulations, 2019 "IRDAI (Unit Linked Insurance Products) Regulations, 2019" governs the development, administration, and management of unit-linked insurance products (ULIPs) offered by insurance companies in…
Introduction Up until 2017, Carillion was one of the largest contractors for U.K. government infrastructure projects, employing 43,000 people worldwide. But despite such impressive figures, the report found that Carillion’s…
Outsourcing or the third-party risk is voted as the top 5 risks by a poll on Top 10 Operational Risks for 2021 conducted by Risk.net. “It has never been more…
Introduction Sports brings the world together as a community and there is a perceptible adrenaline rush when the mega sports events are going on. Avid sports fans seem to be…
ABSTRACT Product development is the skeleton of insurance industry and developing new products is not a mere supply-demand situation, but it is rather identifying which product will best serve the…
The role of insurers is changing from a risk transfer company to a risk prevention and management one. Insurance was always a push product. It was not even a secondary,…
With 50 states and as many insurance regulators in the US, the existence of a Federal Insurance Office (FIO) almost sounds implausible. But thanks to climate change, an assertive US…