Editorial – IT April 2025
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…
Obligatory Cession for the Financial Year 2025-26
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,…
Interview with Subrata Mondal, MD & CEO, IFFCO Tokio General Insurance Company
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…
Wildfire Crisis in the USA – Lessons for the Insurance Industry
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…
Navigating Global Reinsurance Challenges
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…
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…
Mr. Chunky Chhetry Joins Association of Insurers and Reinsurers of Developing Countries (AIRDC) Executive Board of Trustees
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…
How Do Insurance Companies Make Money and How Do They Work?
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…
Vision Meet on “Insurance for All” by 2047
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…
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…