AN OVERVIEW OF CAPTIVE INSURANCE
Introduction A business faces numerous risks in its day-to-day operations, and managing this risk is paramount to a thriving and successful company. Rising insurance costs coupled with increasing self-insured risk…
INSURANCE TIMES JANUARY 2017
We wish a very happy and prosperous New Year 2017 to all our subscribers, authors, advertisers, and everyone connected with the publication. With the blessings of our readers we have…
Rising Seasonal Illnesses Drive a Third of Health Insurance Claims in India
A Surge in Claims Due to Seasonal Diseases The health insurance sector in India is witnessing a significant rise in claims due to seasonal infectious diseases. According to recent data,…
PhonePe Unveils Pre-Approved Term Life Insurance to Boost Financial Inclusion
PhonePe Unveils Pre-Approved Term Life Insurance to Boost Financial Inclusion Key Points: PhonePe launches a pre-approved term life insurance feature. The new offering eliminates the need for income proof at…
Gratuitous Passenger Not Ground for Denial of Insurance Claim
State Consumer Commission Orders United India Insurance Co Ltd to Compensate Policyholder In a significant judgment that underscores the importance of adhering strictly to policy terms, the State Consumer Commission…
Motor Insurance Share Drops Below 30% for the First Time Amid Rising Health Insurance Premiums
Key Points: Motor insurance's share in the non-life insurance industry has dropped below 30% for the first time, largely due to slowing car sales. Health insurance premiums have surged, accounting…
Managing the Risk and Business Insurance
“All that’s bright must fade – The brightest still the fleetest; All that’s sweet was made But to be lost when sweetest.” _ Thomas Moore The advancement of technology,…
Technology – Redefining Insurance
The insurance industry has garnered more importance and buyers in the past decade as assets to be insured have grown manifold. The business which has been providing employment for millenniums…
Operational Risk Management
Background Development The history of Operational risk is not very old, its genesis lies in the banking system, before 1999 when Basel Committee took charge of defining the operational risk,…
Everything You Wanted to Know About Reinsurance
The practice of insuring again. One of the functions of the Direct Insurance is to spread the loss so that the losses of the few who have claims will be…