General Insurance articles

One look at the newspapers, any day, any country, and one notices that the news relating to some catastrophic event ( Cat event ) - whether manmade or natural -…

It is true that the world is spending more on healthcare expenditure and the health protection gap is showing sign of receding. But the above statement appears bewildering if we…

INTRODUCTION:- On 3rd March 2019, Sunday, the Ethiopian Airline’s Addis to Nairobi Flight’s Boeing 737 MAX 8 crashed after a few minutes of takeoff killing 157 people aboard. The Black…

A well developed and evolved insurance sector is a boon for economic development of a country. It provides long-term funds for infrastructure development and concurrently strengthens the risk-taking ability of…

The General Insurance Business (Nationalisation) Amendment Bill, 2021 was passed by the Rajya Sabha on August 11. According to the government, the need arose to address such matters as (a)…

1. INTRODUCTION: All the insurance companies have received over hundreds of claims for damage to property in the aftermath of cyclone 'Amphan', which left behind a trail of destruction in…

This is the first in the series of articles I plan to write on various Policy Conditions and Exclusions mainly in Property Policies as per the various Policy Wordings used…

Background Underwriting engines have been around for over 20 years. Initially they were used in corporate offices, processing application form information keyed in by clerical staff, and avoiding the need…

Insurance companies around the globe have worked diligently since the global financial crisis, to reduce operational costs, and improve effectiveness. Their initiatives are now paying dividends, but market conditions remain…

The Supreme Court has very recently decided an important question of law that death due to malaria inflicted by mosquito bite is not an accident which will have a wide…