March 2022 - Insurance Times

The role of insurers is changing from a risk transfer company to a risk prevention and management one. Insurance was always a push product. It was not even a secondary,…

ABSTRACT Product development is the skeleton of insurance industry and developing new products is not a mere supply-demand situation, but it is rather identifying which product will best serve the…

Introduction Sports brings the world together as a community and there is a perceptible adrenaline rush when the mega sports events are going on. Avid sports fans seem to be…

Outsourcing or the third-party risk is voted as the top 5 risks by a poll on Top 10 Operational Risks for 2021 conducted by Risk.net. “It has never been more…

Introduction Up until 2017, Carillion was one of the largest contractors for U.K. government infrastructure projects, employing 43,000 people worldwide. But despite such impressive figures, the report found that Carillion’s…

The third wave of omicron peaked in India in 2022 but the impact was less this time as the symptoms were mild and did not require hospitalization. But overall, the…

The Authority had constituted Surveyors and Loss Assessors Committee vide Order No. IRDA/SURV/ORDER/MISC/100/04/2020 dated 24/04/2020. This committee is constituted as per Regulations 10 of IRDAI (Insurance Surveyors & Loss Assessors)…

Clause (d) of sub section (9) of Section 2 of Insurance Act, 1938 provides that a “foreign company” engaged in reinsurance business can transact the business of reinsurance through a…

As we reflect on the past 18 months of the pandemic, we are hit by a stark truth. Life is uncertain. An unfortunate accident, a medical crisis or a devastating…

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…