Month: May 2024

What is Operational Risk? Operational risk is the prospective loss because of inadequate or failed business processes, people, technology or any form of external event directly or indirectly impacting operations.…

Introduction Over the years with persistent Government’s efforts, the insurance penetration (premiums to GDP) in India has increased from 2.71% in FY01 to 5.20% in FY09 but thereafter the level…

Abstract The Insurance industry today is on the brink of a massive revolution as we are witnessing the infusion of innovation and insurance (Insurtech). Data is a force that drives…

“I think the world desires more than just material and economic wealth. People also want other less tangible forms of wealth. They want to be enriched spiritually and culturally. Sustainability…

Background: Risk is part of everyday business and organizational strategy. However, the volume and nature of risks facing organizations have increased tremendously over the last decade due to the complexity…

“The management and control of risk is the most significant topic in the business world today” - ROBIN KENDALL “Emerging economies constitute the major growth opportunity in the evolving world…

The non-life insurance industry is witnessing shifting trends across the front office, policy administration, and claims—the three core functions of the insurance value chain.  Between now and 2021, more than…

ABSTRACT Insurance industry has been exposed to a massive transformation in the last few years. These changes were a result of policy decisions and regulatory interventions. But technological advances have…

The Authority issued guidelines on trade credit insurance in September 2021 to protect business against the risk of non-payment for goods and services by buyers. The Guidelines set out the…

Indian Motor Tariff 2002 (“Motor Tariff”) under Clause 7 of Section 2 provides for a specific situation wherein a private car owned by an employer, and used to carry employees,…