What is Reinsurance? Reinsurance is insurance for insurance companies. It allows insurers to transfer part of their risk portfolio to another insurer—called a reinsurer—to protect against significant losses. This is…
Recently Union Home and Cooperation Minister Amit Shah announced that India's cooperative sector will soon have its own dedicated insurance company. This initiative aligns with the Centre’s broader strategy to…
No IRDAI/RI/6/213/2025.— In exercise of the powers conferred by Sub-section (2) and (4) of the Section 101A of the Insurance Act, 1938, the Authority, after consultation with the Advisory Committee,…
The Indian general insurance industry is witnessing a steady growth, in a range of 10-15%, driven by increasing awareness, regulatory reforms, and rising demand across sectors. About Mr. Subrata Mondal…
The recent spate of wildfires across the United States has once again underscored the devastating impact of climate change on our ecosystems, communities, and economies. States like California, Oregon, and…
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…
Mr. Chunky Chhetry, CEO of Sagarmatha Lumbini Insurance Company Ltd., Nepal has been elected to the prestigious Executive Board of Trustees of the Association of Insurers and Reinsurers of Developing…
Insurance is a financial safety net that protects individuals and businesses from unforeseen risks and liabilities. While insurance companies offer this valuable service, many people wonder, how do insurance companies…
The "Insurance for All" Vision Meet, hosted by insurance councils over two days on August 23rd and 24th, 2024, in Mumbai, was a pivotal event aimed at laying the groundwork…