IT Editorial January 2025
As we welcome 2025, it’s essential to reflect on the remarkable transformations that defined the insurance industry in 2024. From regulatory advancements to technological integration, the year was pivotal in…
Issues Concerning Enhancement of Life Insurance Density in India
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.…
Customer trust and Trust deficit – An oxymoron in Trust Continuum
[caption id="attachment_27215" align="alignleft" width="129"] Prof(Dr) Abhijit K.Chattoraj[/caption] Trust is a much-used, misused, and often abused word in insurance terminology. The entire insurance business is executed based on trust, yet misselling…
PwC India Unveils Trust Barometer for Non-Life Insurance Sector
PwC India has launched a groundbreaking Trust Barometer for the non-life insurance sector, aimed at helping insurers measure and enhance trust-building practices throughout their business lifecycle. By addressing a long-standing…
IT Editorial December 2024
As The Insurance Times proudly enters its 45th year, we reflect on the journey that has made this publication an enduring voice of the Indian insurance industry. Over the decades,…
Vision Zero and the Role of Insurance in Achieving Road Safety
Abstract: The Insurance industry in the country plays multiple and pivotal roles, and contribute substantially for the overall development of the economy. In spite of this pivotal role as the…
The Eighth Bima Manthan, the quarterly meeting of IRDAI with the insurance industry was held on 11th and 12th November 2024, in Hyderabad
This edition is one of its kind where the Regulator had detailed deliberations with the top brass of the insurance industry on key issues to gear up industry to be…
Focus on Climate Risk: How Climate Risks Are Shaping Insurance Models in India and Globally
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…
India: IRDAI Plans Significant Expansion of Management Workforce to Support Growing Regulatory Demands
IRDAI to Strengthen Resources with 120 New Assistant Managers Over Three Years Key Points: The Insurance Regulatory and Development Authority of India (IRDAI) will expand its workforce by hiring 120…
LIC Eyes Strategic Stake in Standalone Health Insurance Company
In a strategic move to expand its footprint in the health insurance sector, Life Insurance Corporation of India (LIC) is considering the acquisition of a minority stake in a standalone…