Recent policy measures, such as the exemption of insurance premiums...
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Budget 26-27:Repositioning general insurance as essential economic and social infrastructure
Significant focus on insuring houses and SME/MSMEs is also critical...
Natural Disasters in 2025: Alarming rise in floods, severe convective storms and wildfires
Tobias Grimm, Munich Re’s Chief Climatologist: “A warming world...
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...
Wealth Management: Record year for India’s $585 billion Mutual Fund industry
As the unforeseen gift of a pandemic-led boom in retail investing keeps on giving, and India’s $4.1 trillion equity market continues to grow — benchmark indexes are poised to cap a record eighth year of gains — industry veterans see mutual funds attracting a bigger...
2024: Reforms to keep Indian insurance sector buoyant
Sumit Rai, MD & CEO, Edelweiss Tokio Life Insurance One of the awaited developments of 2024 is that the government will table the Insurance Laws (Amendment) Bill as it has the potential to bring another round of positive reforms and bolster the growth prospects of...
Wearables: Do you want Big Tech Cos snooping in your closet?
It’s virtually impossible to escape the all-seeing eye of companies like Google and Meta Platforms Inc. when we’re online. Now those companies have an opportunity to watch our real-world lives through wearables, which could make today’s online surveillance business...