Insurance Arbitration Clause and Procedure in India Introduction Arbitration serves as an effective alternative dispute resolution (ADR) mechanism for disputes in insurance contracts, often governed by the Arbitration and Conciliation…
As we welcome 2025, it’s essential to reflect on the remarkable transformations that defined the insurance industry in 2024. From regulatory advancements to technological integration, the year was pivotal in…
Parametric Insurance – Revolutionizing Risk Coverage in India India’s insurance industry is undergoing a transformation with the rise of parametric insurance, a solution that simplifies risk coverage and offers quick…
INTRODUCTION:- Risk Minimization and control on Mud Flow and Debris Flow are the need of the hours since the insurance claims are increasing and Insurance Companies are not in position…
Overall Performance 1. Gross Direct Premium (Within India): The gross premium grew by 76%, from Rs.2,56,894 crore in 2022-23 to Rs.2,89,683 crore in 2023-24. Public sector insurers showed modest growth at 88%,…
Meet the Visionaries Behind BimaBro Insurance has from time immemorial been a noble profession. Like medicine or nursing, one has to dedicate his/her life to a noble cause. Those who…
We all are aware that insurance is a very important security or guarantee for any ship or cargo owner, when he is in the shipping business. Not only does it…
"A key development at New India Assurance is our continued focus on digital transformation, enhancing customer experience through technology-driven initiatives" About Ms. Girija Subramanian Mrs Girija Subramanian has the unique…
"The life insurance landscape in India has been undergoing a dramatic transformation, driven by changing consumer preferences, advancements in technology, and evolving regulatory frameworks" About Alok Rungta A seasoned Chartered…
1. Introduction Insurance industry plays a pivotal role for the socio-economic development of a country. The life insurance market in India has recorded a consistent premium growth over the years.…