IRDAI Extends Relief for Kerala and Karnataka Flood Victims
General and Health Insurers are advised to grant 60 days grace period in respect of all health insurance policies due for renewal up to 30th September, 2018 in the State…
Exclusive Interview with Ritesh Kumar, MD & CEO of HDFC ERGO General Insurance
He has been at the helm of affairs of one of India's leading and most admired private insurance companies for close to one decade and during these long years, he…
IRDAI Stays Order on Genetic Disorder Exclusions
1. Reference is invited to Authority’s Circular IRDAI/HLT/REG/CIR/046/03/2018 dated 19th March, 2018 issued in pursuance to the judgement of the Hon’ble High Court of Delhi (RFA 610/2016 & CM Nos.…
IRDAI Clarifies Reward Structure for Motor Third-Party Insurance
Attention is drawn to Authority’s e-mail dated 7th December, 2017 to the Secretary General, General Insurance Council clarifying that commission/ remuneration on TP portion of premium is available from 4th…
Flood Risk Management
The Kerala flood has brought the focus of the nation towards the havoc it has created, kind of losses it has done, rescue activity that is taking place and restoration…
INDIAN ECONOMY ZOOMS TO NEW HEIGHTS SO ALSO INSURANCE INDUSTRY
A. Introduction: On 12th July 2018 the world bank report asserted how Indian Economy zooms to new Heights as compared to first Ten Economies as under: - ECONOMY GDP TRILLIONS…
Mandatory Long-Term Motor TP Insurance: Prospective Impact
The Hon’ble Supreme Court of India (in the matter of WP No.295/2012 of Shri S. Rajaseekaran vs Union of India and others) has, vide its order dated 20th July, 2018…
RIDING THE BIG DATA WAVE TO IMPROVE INSURANCE CUSTOMER RETENTION
Big data and analytics are the current change agents in today’s insurance environment that is being impacted by radical shifts in how underwriters assess risk and how consumers buy insurance.…
Set Fair for The Next Phase of Risk Management: Marine Blockchain Platform Goes Live
Blockchain - the secure, decentralised and distributed ledger housed on a shared platform - is something that has been discussed by the tech community for a few years now. But…