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…
As the global insurance landscape continues to evolve, 2024 has been a defining year, bringing innovative solutions to address risks, expand financial inclusion, and respond to climate change. The 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…
GIC Re successfully completed its maiden IPO which was subscribed to the extent of 1.90 times. This will increase the visibility of the company among the masses. Newindia Assurance has…
IRDAI is examining the possibility of allowing private equity (PE) firms to buy stakes in Insurance Companies. A decision on this is likely to be taken in a month's time.…
The insurance industry is at a critical juncture as the impacts of climate change intensify. The increasing frequency and severity of extreme weather events pose significant challenges for insurers, not…
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…
The IRDAI has recently revised its guidelines regarding commissions on long-term motor insurance. This move aims to streamline the commission structures, ensuring greater transparency and fairness in the distribution of…
[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…
GIC Re, an Indian Reinsurer has been ranked 10th position among the Global Reinsurers. GIC Re has a potential of becoming a global player and it is already expanding its…