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…
ERM Implementation Challenges in the Indian Insurance Sector
Introduction There is a dearth of research on enterprise risk management (ERM) in the Indian insurance sector. The research started in 2020 to identify the inherent embedding of ERM within…
The Eighth Bima Manthan, the quarterly meeting of IRDAI with the insurance industry was held on 11th and 12th November 2024, in Hyderabad
This edition is one of its kind where the Regulator had detailed deliberations with the top brass of the insurance industry on key issues to gear up industry to be…
Case Study: Marine Insurance
Introduction Marine insurance plays a crucial role in safeguarding businesses from the financial impact of losses during the transit of goods. With globalization driving cross-border trade, businesses rely heavily on…
Cyber Insurance: What cyber insurance can do for you and what in can’t
In today’s digital age, where businesses and individuals increasingly rely on technology, cyber insurance has become a vital tool to protect against financial losses and reputational damage. However, companies must…
How Cyber Insurance Shields Organizations from Cyber Threats and Financial Losses
On a quiet Monday morning, a midsize logistics company opened its inbox to find a chilling message: all its critical files had been encrypted, and the only way to recover…
Fire Incident at Textile Manufacturing plant
Introduction In industrial operations, especially those involving hazardous or flammable materials, the potential for fire incidents poses a substantial threat. Fire insurance is a crucial element of risk management in…
Risk Management 2.0 in the new Gen Z Milieu
As I reflect on an article I wrote in 2018 on “Turning Risk and Compliance function into a competitive edge”, I notice that the world has significantly changed over the…
Abhijit K.Chattoraj, a chartered insurer, joins Prestigious IMS Unison University, Dehradun, as a Professor and Director of the executive program and consulting.
Prof (Dr) Abhijit Chattoraj, an established academician and a professional with international acclaim and a proven track record in academic administration, joined IMS Unison University in September this year after…
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…