May 2020 - Insurance Times

The decade 2020 and this particular year 2020 has begun with a bang. The Corona Virus or the COVID-19 has shaken the entire world- whether it a developing or developed…

Introduction This write-up draws up a parallel between the medical profession and risk management profession. Both doctors and risk management professional perform their duties in treatment of patient/risk. The doctors…

Things are not going to be the same again. The world is changing for better.  As Heraclitus, a Greek philosopher said change is the only constant in this world. And…

COVID 19 has wreaked havoc across the globe, affecting majority of the countries and inflicting fatal sickness among hundreds and thousands.  The impact of the virus has left many policyholders…

INTRODUCTION: The Fire Insurance portfolio of all General Insurers in India was right from the beginning for all time considered as a profit generating assortment. All insurers knew that Fire…

1. The global macroeconomic outlook for the current financial year 2020-21 has been adversely affected by COVID-19 pandemic which has impacted the majority of countries in the world across the…

1. Reference is invited to Order No. 40-3/2020-DM-I (A) dated 15th April, 2020 issued as part of the Consolidated Revised Guidelines by the Ministry of Home Affairs, GOI. As per…

1.Reference is invited to the Circular Ref. No. IRDAI/HLT/REG/CIR/054/03/2020 dated 04th March, 2020 wherein all insurers were advised to expeditiously handle the health insurance claims pertaining to COVID 19. 2.…

1. Reference is drawn to Clause C (1.1) of “Guidelines on Filing of Minor Modifications in the approved Individual Insurance Products offered by General and Stand Alone Health Insurers on…

1. What are the top five risks affecting insurance companies? The under mentioned key risks impacting the Insurance businesses could be because of the inherent nature of business and due…