Navigating Global Reinsurance Challenges
The reinsurance sector, often regarded as the backbone of risk management, is grappling with profound challenges as the frequency and severity of natural disasters escalate globally. Climate change is no…
Climate risk insurance for MSMEs and farmers; Impact of natural disasters on insurance claims; Promoting sustainable insurance practices
As we face the growing challenges posed by climate change, the insurance sector is presented with an urgent call to action. Environmental shifts have led to more frequent and severe…
Innovating for Resilience: Exploring the Future of Inclusive Insurance
The year 2024 marks a pivotal moment for the insurance sector, particularly in the domains of inclusive insurance, climate risk, microinsurance, and the rise of parametric insurance as a key…
Bridging the Protection Gap: Strategies to Reach the Bottom of the Pyramid in Inclusive Insurance
As global attention increasingly shifts towards financial inclusion, insurance coverage for low-income populations, often referred to as the "bottom of the pyramid" (BoP), has become a central issue. Despite strides…
Risk-Based Pricing in Insurance: Balancing Risk and Fairness
The concept of risk-based pricing in insurance has long been a fundamental principle guiding how premiums are calculated. Essentially, this pricing model ensures that the cost of an insurance policy…
IRDAI’s Intermediary Infrastructure – Needs a serious revamp
[caption id="attachment_25248" align="alignleft" width="124"] Dr Rakesh Agarwal, Editor, The Insurance Times[/caption] From the Editors Desk The Insurance Times, August 2024 Issue While the IRDAI has announced its ambitious goal of…
IRDAI issues Master Circular on General Insurance
IRDAI has issued a Master Circular on General Insurance on 11th June 2024. This Master Circular provides guidance on the operational aspects relating to general insurance products and many other…
Evolving Role of the Chief Risk Officer (CRO) in Enterprise Risk Management
In today's interconnected world, Chief Risk Officers (CROs) face an increasingly complex landscape characterized by global supply chain disruptions, geopolitical tensions, and escalating cyber threats. These challenges necessitate a strategic…
Cyber Security and Insurance: Navigating Through Digital Risks
The digital transformation in India has propelled not only convenience and efficiency but also an increase in cyber security risks. The rising instances of cyber threats, such as data breaches…
Insurance for All by 2047 – New Mantra by IRDAI (v2.0)
“The rejunivated IRDAI under the chairmanship of Mr. Debasish Panda has committed to enable ‘Insurance for All’ by 2047, where every citizen has an appropriate life, health and property insurance…