October 2022 - Insurance Times

A case of auto insurance fraud worth crores of rupees using forged documents has come to light in the Kerala state. A detailed investigation conducted by the State Crime Branch…

Prologue: The Assessment Report (AR6) of the Intergovernmental Panel on Climate Change (IPCC) evidently states that human activity is causing unprecedented, and sometimes irretrievable &irreversible, climatic changes. That report says…

Although this concept may seem alien today, tontines have a long creditable history that reaches back half a millennium. The name “Tontine” comes from a 17th-century Italian financier, Lorenzo de…

Life insurance, which we take lightly, which we should not, why do we say that? Isn’t life precious? Do we consider it precious? Not really! Look at the figures, which…

Embedded insurance is the real-time bundling and sale of insurance when a consumer purchases a product or service at the point of sale. It is changing the way people buy…

As part of promoting ease of doing business for insurance companies, Insurance Regulatory and Development Authority of India (IRDAI) has been constantly striving to reduce the compliance burden of all…

Reference is drawn to para 12 of Annexure – I of D.O.No. 22003/15/2019-14C dated 30th March 2022 (enclosed) issued by Home Secretary, GOI and communication from Department of financial services…

Reference is drawn to Point no. 3 on “Applicability” of Guidelines on Information and Cyber Security for Insurers dated 07.04.2017 read as “this guidelines document is applicable to all insurers…

The second proviso of section 48A of the Insurance Act, 1938 provides that “the Authority may permit an agent or intermediary or insurance intermediary to be on the Board of…

In possibly the highest payout in recent times, the Motor Accident Claims Tribunal ordered the owner of a dumper truck and an insurance company to jointly pay around Rs 4.13…