CURING INSURANCE PHOBIA
In my last article, *Insurance Phobia* published in the *Insurance Times*, I enumerated various aspects of why people are afraid of insuring as they feel that insurance is not a…
IRDAI Defers Ind AS Implementation for Insurance Sector to 2020-21, Proforma Reporting Continues
1. The Authority, in order to prepare the insurance industry for Implementation of Ind AS and to provide suitable guidelines wherever required, had constituted an Implementation Group vide Order reference…
IRDAI Mandates Submission of Quarterly and Annual Reports on e-Insurance Policies Compliance
As you are aware that the Authority has notified the IRDAI (Issuance of e-Insurance Policies) Regulations, 2016 dated 13thJune, 2016. In order to seek the status of compliance to the…
IMPACT OF MACHINE LEARNING IN FINANCIAL SERVICES / INSURANCE INDUSTRY
Problem Description: The Financial Industry especially Insurance has been undergoing significant transformation in recent times due to IT & digital technological innovations. Though this change has significantly increased the growth…
Decoding IRDA’s registration of branch offices of foreign reinsurers’ regulations
Disclaimer The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency of the Indian…
Editorial Insurance Times August 2017
GIC Re has proposed a dividend of Rs. 1002 crs for 2016- 17, a 17% increase off the previous year. GIC Re global premium grew 82% to 33585 crs. The…
An untimely end to an illustrious Career – A. K. Roy
Mr. Ashok Kumar Roy, former Chairman-cum-Managing Director of GIC Re breathed his last on 5th June. He suffered a massive heart attack on 4th June while visiting Haridwar along with…
INSURANCE AGENT ROLE WILL TRANSFORM BUT CONTINUE TO BE VALUABLE IN DIGITAL ERA
As the insurance industry is pushing its efforts to increase the digital footprint, the moot question is, 'what is the future of the oldest channel, the insurance agent?' Agents contribute…
TECHNOLOGY TO DRIVE INSURANCE DISTRIBUTION
In the past half a decade or so, powered by the increasing penetration of the internet and smartphones, technology companies are dramatically disrupting industry after industry. Customers have started expecting…
IRDAI Forms Committee to Set Reinsurance Order of Preference
It is necessary to have clear-cut guidelines for the smooth implementation and operation of order of preference as specified in Regulation 28 (9) of IRDAI (Registration and operations of Branch…