June 2024 - Insurance Times

Introduction BI refers to a situation in which the normal business operations of a company are disrupted or halted due to unexpected circumstances beyond its control. When business operations are…

The staid image of the insurance industry is getting a makeover. Gamification, the application of game mechanics like points, rewards, and competitions, is revolutionizing customer engagement and risk management. This…

Introduction The transportation sector stands out as a significant contributor to GHG emissions, prompting governments worldwide to embark on a concerted effort to transition away from fossil fuels by identifying…

The Insurance Regulatory and Development Authority of India (IRDAI) is at the forefront of spearheading transformative reforms in the Indian insurance sector, all as part of its larger vision of…

1. The Authority has notified the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024 (hereinafter referred to as “Registration Regulations, 2024”). In exercise of the…

1. The Insurance Regulatory and Development Authority of India (Corporate Governance for Insurers) Regulations, 2024 (“the Regulations”) were notified on 21st March 2024. The Authority has outlined in general terms,…

Case Title: IFFCO Tokio General Insurance Co. Ltd. V. Geeta Devi and others., Special Leave Petition (C) No. 19992 of 2023 Summary The Supreme Court has ruled that an insurance…

Case title: Hind Offshore Pvt Ltd v. IFFCO General Insurance Co. Ltd. Summary The Supreme Court has ruled that marine insurance policies cannot be held responsible for losses resulting from…

TATA AIG General Insurance, has rolled out Surety Insurance Bonds to support the government’s ambitious agenda on infrastructure development, which has been allocated 3.3 percent of the GDP in FY…

Senior citizens, even if they are 80 or 90 years old, will now be able to buy health insurance, irrespective of existing medical conditions. This is a huge relief for…