2018- Insurance Times

“All that’s bright must fade – The brightest still the fleetest; All that’s sweet was made But to be lost when sweetest.”                      _ Thomas Moore The advancement of technology,…

The insurance industry has garnered more importance and buyers in the past decade as assets to be insured have grown manifold. The business which has been providing employment for millenniums…

Background Development The history of Operational risk is not very old, its genesis lies in the banking system, before 1999 when Basel Committee took charge of defining the operational risk,…

The practice of insuring again. One of the functions of the Direct Insurance is to spread the loss so that the losses of the few who have claims will be…

1. Preface: Excess of loss is effectively a ‘top-up’ limit of indemnity that sits in excess of the existing primary limit, and mirrors the cover provided by the primary wording.…

The Government of India has announced a massive Health Scheme for the downtrodden people of India called the Ayushman Bharat National Protection Scheme to be launched from August 15 this…

Background One of the key challenges in the insurance business is selling new products (that meets customer’s need) and retention of existing customers which if not met properly may result…

Disputes between contracting parties do come up in commercial world in terms of interpretations of words, clauses, duties, obligations, etc. particularly when one of the contracting parties gets affected financially…

Both to Blame Collision Clause is appearing in the Clause 3 of Institute Cargo Clauses which provides that “This insurance is extended to indemnify the Assured against such proportion of…

Is society ready for living in an autonomous world? Ready or not, it’s here. In fact, it’s been with us for a while. The better question for those of us…