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Disruptive moves: Indian Insurers must modernize core platforms to meet competition and evolving customer expectations

Disruptive moves: Indian Insurers must modernize core platforms to meet competition and evolving customer expectations

by AIP Online Bureau | Aug 20, 2024 | Articles, Eco/Invest/Demography, Life, Non-Life, Technology

Swayamjit Mishra, Managing Director & Partner, Leads Technology in Insurance for BCG India, said, “The obvious & disruptive moves by insurers have been made, now winners will take the more difficult and bold step of attacking the core. The aim with the core is...
CrowdStrike blames defect in content update for massive IT crash

CrowdStrike blames defect in content update for massive IT crash

by AIP Online Bureau | Jul 24, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology, Workplace/Employee Benefits

The incident crashed Microsoft Windows computer systems around the world on Friday, taking down airline, banking and stock exchange operations from Australia and Japan to the UK CrowdStrike Holdings Inc., the cybersecurity company at the center of massive global IT...
Pesky calls: IRDAI asks industry players to comply with TRAI norms

Pesky calls: IRDAI asks industry players to comply with TRAI norms

by AIP Online Bureau | May 29, 2024 | Health, Indian News, Intermediaries, Life, Non-Life

In a circular on Tuesday, the insurance regulator has said regulated entities can only use the `140/180’ numbering series(or any other numbering series allocated/assigned by DoT/TRAI in future for the purpose) for making commercial calls Hyderabad: In a bid to curb...
Insurers have to reduce premiums or raise sum assured in case of no claims by health insurance customers: IRDAI

Insurers have to reduce premiums or raise sum assured in case of no claims by health insurance customers: IRDAI

by AIP Online Bureau | May 29, 2024 | Health, Indian News, Non-Life, Regulation, Technology

A health insurance policy is renewable and can’t not be denied on the ground that claim (s) was made in the preceding policy years, except in case of established fraud or non-disclosure or misrepresentation by the insured Insurers have grant final authorization...
Insurers have to reduce premiums or raise sum assured in case of no claims by health insurance customers: IRDAI

IRDAI unveils regulations for Bima Sugam, services will be free for customers

by AIP Online Bureau | Feb 13, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Regulation, Risk Management, Technology

Bima Sugm will officially called as Rashtriya Bima Sugam Nigam Ltd and the shareholding of the company will be widely held amongst Life insurers, General Insurers and health insurers. Starting with a capital of Rs 200 crore, the shareholders, as and when required,...
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