IRDA forms panel to examine the need for a standard cyber liability cover for Indian market
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
Airlines' coronavirus safety analysis challenged by expert
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...
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Alby Van Wyk, Executive Vice President, Asia, Munich Re Automation Solutions
``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''
Risk Management: COVID-19 spurs collaboration and innovation
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...
