February 2022 - Insurance Times

“I think the world desires more than just material and economic wealth. People also want other less tangible forms of wealth. They want to be enriched spiritually and culturally. Sustainability…

Abstract The Insurance industry today is on the brink of a massive revolution as we are witnessing the infusion of innovation and insurance (Insurtech). Data is a force that drives…

Introduction Over the years with persistent Government’s efforts, the insurance penetration (premiums to GDP) in India has increased from 2.71% in FY01 to 5.20% in FY09 but thereafter the level…

What is Operational Risk? Operational risk is the prospective loss because of inadequate or failed business processes, people, technology or any form of external event directly or indirectly impacting operations.…

With 50 states and as many insurance regulators in the US, the existence of a Federal Insurance Office (FIO) almost sounds implausible. But thanks to climate change, an assertive US…

The beginning of the year 2022 marked with rise in Omicron variant which again effected the country badly. Luckily this variant was not deadly enough, though its infection rate was…

It has been observed that the insurance intermediaries maintain multiple current accounts with banks at different operational levels, i.e., Branch offices, Corporate office, etc., for regulatory and other purposes. RBI,…

In order to ensure sound remuneration or compensation practices and avoid situations resulting from excessive risk taking behaviour due to inappropriate compensation structures or incentive plans and also taking into…

The ongoing pandemic seems to be far away from getting ended and it is high time that the individuals of our country realized the significance of having an optimum plan…

An arbitration award can be set aside only if the award is against the public policy of India, the Supreme Court has said. A bench of Justices M R Shah…