Insurers are facing a widening gap between their artificial intelligence (AI) ambitions and operational realities, as legacy systems, manual processes, and organisational constraints limit the effective deployment of advanced technologies.…
The Government of India has reiterated its commitment to expanding health insurance coverage across the country, with a target of achieving universal coverage by 2033. Finance Minister Nirmala Sitharaman emphasised…
Escalating geopolitical tensions in the Middle East are contributing to a rise in marine insurance claims, as disruptions to shipping routes and increased security risks impact global trade. The development…
A leading US insurer has significantly enhanced its data capabilities, achieving up to 70% faster insights by transforming its data ecosystem. The initiative reflects a broader industry shift towards data-driven…
A crop insurance fraud racket has been uncovered in Kanpur, leading to the arrest of three individuals accused of orchestrating fraudulent claims to siphon off insurance payouts. The incident has…
India is considering the creation of a ₹1,000 crore war risk insurance fund to safeguard maritime trade and shipping operations amid rising geopolitical tensions around the Strait of Hormuz. The…
Amid ongoing macroeconomic volatility, climate‑related risks and accelerating technological change, KPMG International’s 2025 Insurance CEO Outlook reveals a sector that remains cautiously optimistic, underpinned by rising confidence in growth, scaled adoption of…
Navi, one of India’s fastest-growing digital financial services destinations, unveiled its Motor Insurance offering, further expanding its insurance portfolio and strengthening its focus on building simple, accessible, and customer-first financial…
Growing concerns are being raised over the increasing pressure on bank staff to sell insurance products, leading to instances of mis-selling and customer dissatisfaction. Industry observers and consumer advocates have…
The Government of Kerala is planning to introduce a parametric insurance cover worth $55 million as part of a new disaster risk financing initiative aimed at strengthening resilience against climate-related…