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IFRS 17: Successful Strategies
It is important to note that IFRS 17 or Ind AS 117 do not alter the...
Cyber Insurance: Heightened Indian Risk
Cyber insurance premium costs have increased by over 50% over the...
Indian Fintech: Fast, Furious — and Fraudulent?
Media reports suggest that more non-bank intermediaries after Paytm Payments Bank may expect a rap on the knuckles. Just what has made the Reserve Bank of India so cranky all of a sudden? Andy MukherjeeFirst, Paytm was asked to freeze its banking business, a crackdown...
Protection Gap: Rising life insurance demands from Urban India, says Max Life Study
-Max Life's India’s Protection Quotient (IPQ) reveals that 3 in 4 urban Indians now own life insurance, -Higher importance being ascribed to Cover and Riders while buying Term Life Insurance, -The South Zone most financially prepared; West India has the highest...
The Agent Advantage: Fulfilling Financial Goals
Sameer Joshi, Chief Agency Officer, Bajaj Allianz Life Insurance In this digital age, where information is at our fingertips, why should one buy life insurance from agents? As we embark on a new year filled with promises, resolutions, and aspirations, we often have a...
2023- Record heat, worsened droughts, floods and bushfires around the world
Some 77 countries experienced their highest average annual temperature in at least 45 years. Temperature records were shattered from Canada to Brazil, Spain to Thailand Professor Albert van Dijk,Fenner School of Environment & SocietyAustralian National University...
5 Predictions for the insurance industry in 2024
Kenneth SaldanhaSenior Managing Director – Global Insurance Lead, Accenture In 2024, we will see excitement about the possibilities of GenAI give way to growing demand for material economic impact from AI/GenAI solutions As we look ahead to 2024, while we see many...
Reinsurance: Jan 1 renewals see favourable market conditions
David Howden, founder & CEO, Howden Headwinds are nevertheless likely to persist into 2024. Expectations are for modest economic growth across advanced economies. Inflation volatility, climate change, the net-zero transition, civil unrest and war, can be more...
Indian health insurance industry anticipates a transformative 2024
Prasun Sikdar, MD and CEO, ManipalCigna Health Insurance The initiatives such as a unified network of hospitals and 100% health insurance claim settlement system nationwide will offer flexibility to consumers and significantly reduce the financial burden With growing...
Progressive Indian general insurance sector
Ritesh Kumar, MD & CEO, HDFC ERGO General Insurance The IRDAI initiated the journey towards adopting IFRS 17 and implementing risk-based supervision and capital frameworks. Looking ahead, significant developments are anticipated in the general insurance...
Health Insurance: Key developments poised to redefine the sector
Krishnan Ramachandran, MD & CEO at Niva Bupa In a bid to simplify health insurance for customers, IRDAI has introduced standardization guidelines, with the latest being the Customer Information Sheet (CIS). This initiative aims to demystify policy benefits and...
Risk Report: Building Risk Culture for India Inc
Sanjeev Mantri, MD & CEO, ICICI General Insurance Profound urgency of Climate Change continues to be undervalued among India Inc. Only Energy and Utilities, Hospitality, Infrastructure and Real Estate and FMCG sectors identified Climate Change and Natural...