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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...
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...
India Wellness Index: Booming Health techs and strained social bonds
“Spending quality time with family sees a decline among working women, leading to a decreased feeling of well-being, with only 53% of women claiming they spend quality time with their families & community in 2023, compared to 64% in 2022. This reflects the...
GenAI: Breakthrough Technology for Innovative Marketing
Gagandeep Gadri, Managing Director of frog, part of Capgemini Invent, said, “The future of marketing will undeniably be influenced by the widespread adoption of generative AI to deliver personalized content and communication; it’s value realization will need a fusion...
InsurTechs: Accelerating Innovative Trends
India’s InsurTech industry has a tremendous opportunity to not only help itself grow and scale up but also the global community Mayank Gupta,Co-Founder and COO, Zopper In recent years, the rise of India's insurance sector is witnessing unprecedented transformation,...
Reinsurance 2024: Better terms & conditions and Profitability
Fitch forecasts an improvement in underlying profitability for the global reinsurance sector in 2024, and is maintaining its improving fundamental sector outlook Robert Mazzuoli, Director, Insurance,Fitch Reinsurance rate increases for property catastrophe business...