June 2024 - Insurance Times

M ore than 70% of the global workforce is exposed to risks linked to climate change that cause hundreds of thousands of deaths each year, the International Labour Organization (ILO)…

TATA AIG has unveiled India’s first satellite in-orbit third-party liability insurance policy, targeting the specific needs of satellite operators and manufacturers within the country’s rapidly growing space industry. This policy…

In today's interconnected world, Chief Risk Officers (CROs) face an increasingly complex landscape characterized by global supply chain disruptions, geopolitical tensions, and escalating cyber threats. These challenges necessitate a strategic…

IRDAI recently abolished age restrictions on health insurance policies marks a pivotal step towards inclusive and comprehensive healthcare coverage. This progressive measure ensures that individuals across all age groups can…

In the global aviation industry, including airlines, airports and aircraft makers, as well as ground operators and for specialized aviation companies, the insurers are interested to offer tailored cover for…

Introduction: The general insurance industry in India is on a promising ascent. With a growing population and rising disposable incomes, the demand for insurance products and services is only expected…

1. This Master Circular is issued under the provisions of Section 34 of the Insurance Act, 1938 and Section 14 of the IRDA Act, 1999 read with Regulation 7 of…

1. The extant Insurance Regulatory and Development Authority of India (Expenses of Management, including Commission of Insurers) Regulations, 2024 were notified on 23rd January, 2024. In order to supplement the…

ICICI Prudential Life Insurance has launched ICICI Pru Platinum, the company’s first unit-linked product (ULIP) which aligns distributor payouts to their customers’ fund value. The distributor commissions are linked to…

1. How parametric insurance is different from traditional indemnity insurance models? Parametric insurance, also known as index-based insurance, differs fundamentally from traditional indemnity insurance. Instead of reimbursing for the actual…