"The life insurance landscape in India has been undergoing a dramatic transformation, driven by changing consumer preferences, advancements in technology, and evolving regulatory frameworks" About Alok Rungta A seasoned Chartered…
1. Introduction Insurance industry plays a pivotal role for the socio-economic development of a country. The life insurance market in India has recorded a consistent premium growth over the years.…
The reinsurance sector, often regarded as the backbone of risk management, is grappling with profound challenges as the frequency and severity of natural disasters escalate globally. Climate change is no…
The growing threat of climate change is reshaping industries around the world, with the insurance sector facing an especially pressing challenge. The frequency and severity of extreme weather events-such as…
In the first four months of 2024, Rs. 1,750 crore has been lost to cyber criminals. Victims are being targeted using online investment and trading scams, fake digital arrests, and…
Vide Circular Ref. No. lRDA/SDD/MISC/CIR/009/01/2013 dated 21st January 2013, IRDAI issued the extant Insurance Fraud Monitoring Framework to provide regulatory supervision and guidance on the adequacy of measures taken by…
India's life insurance sector, despite being one of the largest markets in the world by population, faces a significant challenge in terms of market penetration. With a penetration rate hovering…
IRDAI has extended the deadline for IFRS 17 implementation to FY27, providing insurers with additional time to adapt to this international financial reporting standard. IRDAI has been continuously extending the…
As we face the growing challenges posed by climate change, the insurance sector is presented with an urgent call to action. Environmental shifts have led to more frequent and severe…
The Export Credit Guarantee Corporation of India (ECGC), fully owned by the Indian government, has shown robust technical earnings during the fiscal years 2023 and 2024, according to a report…