The Supreme Court in United India Insurance Co. Ltd. v. Levi Strauss (India) Pvt. Ltd. reaffirmed the fundamental principle that a contract of insurance is one of indemnity and not…
Let’s face it: insurance has a terrible public relations problem. Mention the word at a dinner party, and someone will inevitably roll their eyes, launch into a nightmare story about…
For more than a century, the life insurance industry has been built on a simple premise: assess risk, collect premiums, and provide financial support when life's uncertainties unfold. The industry's…
Introduction The insurance industry has always been a custodian of highly sensitive information. However, the digital transformation of insurance has fundamentally changed the scale, complexity, and risk associated with personal…
When it comes to service expectations, modern consumers no longer differentiate between industries in an era characterised by instant gratification. Speed and convenience are essential when placing food orders, scheduling…
Non-life insurance relies on structured processes and workflows that involve complex steps. An industry traditionally based on data and human judgment is now seeing its core pillars tested in new…
Professional Indemnity (PI) Insurance protects professionals against legal liability arising from errors, omissions, negligence or breach of professional duty while rendering professional services. However, purchasing the right policy requires careful…
Introduction Insurance companies play a critical role in helping businesses manage cyber risks by underwriting cyber insurance policies and supporting policyholders during security incidents. However, insurers themselves have become attractive…
ICICI Prudential Life launches guaranteed market-linked plan ICICI Prudential Life Insurance has launched ICICI Pru Signature Secure, the Indian life insurance industry's first Unit Linked Insurance Plan (ULIP) to include…
Consumer Court Orders Rs. 20.25 Lakh Claim Payment After Early Policyholder Death A consumer court has directed an insurance company to pay Rs. 20.25 lakh to the family of a…