Hyderabad: The insurance regulator IRDAI has formed a panel with P. Umesh, consultant-liability insurance as its chairman, to examine the need for a standard Cyber Liability Insurance product in the country and recommend the scope of the cyber liability insurance covers for the present context...
- IRDAI panel favours issuance of Surety Bonds by insurers
- Half of Indians may have had coronavirus by February, government panel estimates
- FSSAI''s new food safety compliance platform to become operational across India from Nov
- India coronavirus infections rise by 55,722, crosses 75-lakh mark
- Gadkari suggests formation of state water grid in Maharashtra to overcome flood crisis
PARIS: A campaign by coronavirus-stricken aviation giants to persuade the world it's safe to fly has been questioned by one of the scientists whose research it draws upon. Dr David Freedman, a U.S. infectious diseases specialist, said he declined to take part in a recent...
- China's economic recovery quickens as consumption returns
- Global coronavirus cases surpass the 40 million milestone
- Coronavirus survives on skin 5 times longer than flu: Study
- Hurricane Delta to cost insurers between $2bn – $3.5bn:RMS
- Boeing's 737 Max declared safe to fly by Europe’s aviation regulator
``Millennial buyers and the maturity of digital tools will bring about profound change in insurance distribution models''
How do you see the situation triggered by the Covid-19 Pandemic and its extensive impacts on insurers? The biggest challenges and impact insurers are facing due to Covid-19 are: (1)the inability to sell face-to-face (this is pretty much how insurance was sold to date) (2)the...
- ``Traditional products will become simpler and standardized,the demand will be more for innovative products to cover emerging risks''
- ``Insurers are fast-tracking their digital adoption to survive Covid-19 Pandemic''
- ``Our strategy is to increase footprint in the developed economies while maintaining and growing market share in our part of the world''
- ``There will be a post-Brexit trade deal between India and the UK''
- ``Industry should focus on product innovations, especially in the pension space''
By Tim Smith, Head of Client Management, UK, AXA XL In these unprecedented times for us all, innovation in the insurance industry has not slowed – indeed, responses to the COVID-19 pandemic have in many cases accelerated innovation and change. The pandemic has changed the...