September 2023 - Insurance Times

On August 1781, a British slave ship, S.S. Zong (110 tons Square Stern Ship: Registered at Liverpool, UK; Ship’s Hull and Cargo Insured by Lloyds of London) left Ghana with…

Out of the 32 general insurance companies which do health insurance business in India, there are only four public sector general insurance companies: The New India Assurance Company Limited (NIACL),…

The global push towards renewable energy sources has initiated not only a transformation of the energy landscape, but also a profound shift in the insurance industry. As the world recognizes…

The flood feud looming over the northern states with the onset of the monsoon has raised concerns among the masses. Where water is an essential element for sustaining life, in…

Introduction Statistics relating to the casualties in traffic-accidents in India paint a grim picture. They result in over 150,000 deaths every year in India. This works out on an average…

In this edition we are happy to cover Interview of Mr Mohammad Jainul Bari, Chairman, IDRA, Bangladesh and Mr HareezSulaiman, CEO & MD, Amana Takaful, Maldives. We have started a…

The insurance industry is a vital component of any economy, providing stability, risk management, and financial security to individuals and businesses alike. In the dynamic South Asian region, there is…

The Supreme Court held that the insurance company was liable to reimburse the claimant when he had duly placed on record the evidence of him paying the medical bills of…

The Jammu and Kashmir & Ladakh High Court has ruled that an insurance company cannot be, as a matter of rule, asked to indemnify an employer for the interest and…

In a significant move aimed at promoting a favorable business environment and attracting more reinsurers to establish operations in India, the Insurance Regulatory and Development Authority of India (IRDAI) recently…