Insurance industry

The non-life insurance industry is witnessing shifting trends across the front office, policy administration, and claims—the three core functions of the insurance value chain.  Between now and 2021, more than…

In the world of insurance, trust is the bedrock upon which the entire structure rests. Policyholders invest their hard-earned money and faith in the industry, believing it will safeguard them…

In the ever-expanding Metaverse, where virtual and physical realms intertwine, the insurance industry finds itself at a pivotal juncture. This boundless digital landscape offers a plethora of opportunities and challenges,…

The outlook of the insurance industry is undeniably intertwined with product innovation, customization, and streamlined claim settlement processes, all supported by digital advancements. This evolution is not merely a response…

The life insurance industry has reported a lacklustre performance in the first six months of the financial year 2023-24 (FY24) with the new business premium falling 12.97 per cent, mainly…

The Indian insurance industry, which suffers from a dearth of human capital in administration and marketing functions, should invest in human capital, BC Patnaik, Member (Life) IRDAI, said. "There has…

The insurance sector is set for a game-changing development with the IRDAI asking the top 15 companies, across life and non-life, to adopt the new IND-AS accounting framework from April…

Global software solution provider Sapiens International Corporation, and Microsoft, have announced a strategic partnership aimed at harnessing the power of generative artificial intelligence (AI) in the insurance industry. The collaboration’s…

IRDAI has said it will soon come out with its report on covering the 'missing middle' in the country under health insurance. The regulator has asked the industry to be…

The insurance industry has proposed that uninsured vehicles should not be allowed to refuel at oil pumps, looking to raise penetration of automobile insurance, industry executives familiar with the development…