IRDAI’s consultation paper, “Recalibrating Economics of Insurance Distribution,” could fundamentally alter the economics of selling insurance in India. The regulator proposes tighter commission limits, progressively lower Expenses of Management (EoM),…
The devastating flash floods in Nepal should force governments, regulators and the insurance industry to reconsider whether our present approach to natural catastrophe risk is adequate. In a remarkably short…
The Insurance Regulatory and Development Authority of India has constituted a seven-member working group to examine the adoption, governance and oversight of artificial intelligence in the insurance industry. It has…
The Reserve Bank of India’s stricter framework on mis-selling of financial products, effective January 1, 2027, is a timely and necessary intervention in a market where banking, lending, insurance and…
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…