Insurance industry

The decade 2020 and this particular year 2020 has begun with a bang. The Corona Virus or the COVID-19 has shaken the entire world- whether it a developing or developed…

The electric vehicle industry in India is picking pace with new manufacturing hubs, and increased push to improve charging infrastructure. The global automotive industry is undergoing a paradigm shift at…

What is Operational Risk? Operational risk is the prospective loss because of inadequate or failed business processes, people, technology or any form of external event directly or indirectly impacting operations.…

Background: Risk is part of everyday business and organizational strategy. However, the volume and nature of risks facing organizations have increased tremendously over the last decade due to the complexity…

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…