Artificial Intelligence is rapidly becoming a part of the insurance value chain. Insurers are using it for underwriting, claims processing, fraud detection, customer service, product recommendation, risk scoring and operational…
The rapid evolution of GIFT City as India’s International Financial Services Centre (IFSC) has opened a new chapter for the country’s insurance and reinsurance sector. In recent years, GIFT City…
The Indian health insurance sector has recently crossed a significant milestone, with premium collections surpassing Rs. 1.2 lakh crore. This achievement reflects not only the growing awareness of health risks…
[caption id="attachment_21720" align="alignleft" width="201"] Dr. Rakesh Agarwal[/caption] The Reserve Bank of India’s draft framework on mis-selling in financial services marks a significant and much-needed intervention at a time when bancassurance…
From the Editor's Desk The claims process lies at the heart of the insurance promise. While product innovation, distribution expansion, and regulatory reforms continue to reshape the industry, it is…
From the Editor's Desk The recent amendments to India’s insurance laws, including the decision to permit 100 per cent foreign direct investment (FDI), have been widely described as transformational. While…
[caption id="attachment_21720" align="alignleft" width="169"] Dr. Rakesh Agarwal[/caption] The recent amendment to India’s insurance laws marks one of the most consequential regulatory reforms in the sector since liberalisation. With the passage…
From the Editors Desk As the digital wave sweeps across industries, insurance-traditionally seen as paperwork-intensive and relationship-driven-is undergoing a tectonic transformation. A digital-first approach is no longer a competitive advantage;…
From the Editors Desk Insurance fraud is a silent but severe threat to the integrity, sustainability, and growth of the insurance sector in India. The Insurance Regulatory and Development Authority…
From the Editors Desk In a progressive step aimed at strengthening the resilience of the Indian banking system, the Reserve Bank of India (RBI) has proposed moving towards a risk-based…