India’s health insurance sector has been on a growth trajectory, with double-digit annual expansion and increased awareness post-pandemic. Yet, beneath this surface of progress lies a deepening fault line—the growing…
As the insurance and risk management industry undergoes profound transformation—driven by regulatory reforms, technological advancements, climate risks, and evolving customer expectations—the need for Continuous Professional Development (CPD) has never been…
Life insurance is evolving from a traditional financial product into a flexible, digital-first, and consumer-centric solution. Increased financial awareness, technological advancements, and regulatory reforms are driving this transformation. Consumers today…
The recent spate of wildfires across the United States has once again underscored the devastating impact of climate change on our ecosystems, communities, and economies. States like California, Oregon, and…
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…
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 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…
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…
[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 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…