THE INSURANCE TIMES Magazine - February 2025

In this issue

In this issue we have covered articles on - A Comparison of European and Indian Insurance "Risk Function" - Sonjai Kumar & Dr Purnima Rao; Insuring the Insurance: A Model for Investment in Ethical Capital - Prof (Dr) Abhijit K.Chattoraj; Why Telcos Should Consider Partnering with Insurtech Companies to Offer Insurance Products - Aman Pal Singh; MSME Insurance: Simplified - Paresh Nath Karmakar; Interpretation for Medical Auditors & Health Insurance Claim Processors - Vinay Verma & Dr Vaishali Pradhan.
Interview with Arup Kumar Chatterjee, Unit Head, Capital Markets and Insurance Practice team, Finance Sector Office, Sectors Group, Asian Development Bank.
We have covered news on General Insurance, IRDAI News, LIC News, Health Insurance News, Private Life Insurance News, International News & Other various News.

Besides it covers other interesting features.

Wildfire Crisis in the USA - Lessons for the Insurance Industry

The recent spate of wildfires across the United States has once again underscored the devastating impact of climate change on our ecosystems, communities, and economies. States like California, Oregon, and Washington have borne the brunt of these disasters, with unprecedented destruction of property, displacement of residents, and loss of natural habitats.

2 mins

General Insurance

With increasing cybercrime and a push from regulators, numerous insurance companies have rolled out cyber coverage for individuals. These policies aim to shield individuals from risks posed by malicious actors during their digital interactions.

4 mins

Insurance Regulator

Insurance companies are taking over six hours to process the majority of health cover claims and facilitate hospital discharges post-settlement.

4 mins

Health Insurance

At the World Economic Forum 2025 in Davos, the CEO of Bajaj Allianz predicted that India could see the emergence of 1000 insurance companies within the next decade.

2 mins

Life Insurance

Aviva Plc has agreed to purchase Direct Line Insurance Group Plc for approximately £3.7 billion ($4.65 billion), creating the UK's largest motor insurer.

4 mins

International

In a forward-looking initiative, the Dubai International Financial Centre (DIFC) and Lloyd's of London have partnered to develop future talent in the insurance sector.

2 mins

A Comparison of European and Indian Insurance "Risk Function"

The subsequent discussion compares the key areas within the risk management function of insurance companies in Europe and India. These are the existence of skilled resources, issues related to data, whether the risk function is challenging the first line enough, whether the riskbased decision-making is working well......

6 mins

Insuring the Insurance: A Model for Investment in Ethical Capital

If today's organizations have to survive and sustain themselves, they must invest in ethical capital, or they will go the way of dinosaurs. In other words, all capital ventures must be ethical, and an investment in ethics is inevitable, for it follows the spirit of Rule and an inclusive approach towards all stakeholders.

9 mins

Why Telcos Should Consider Partnering with Insurtech Companies to Offer Insurance Products

The telecommunications industry is undergoing rapid transformation, driven by technological advancements and evolving consumer demands. As the industry adapts, a significant opportunity lies in partnering with Insurtech companies to offer innovative insurance products.

4 mins

MSME Insurance: Simplified

As per MSME Ministry data, there are about 6.3 crore MSMEs in India, which provide employment to approximately 11.10 crore and contribute to about 27% to the country's GDP, which is again 45% of the manufacturing output and over 40% of both direct and indirect exports.

8 mins

Arterial Blood Gas (ABG) Interpretation for Medical Auditors & Health Insurance Claim Processors

A blood gas analysis may be performed on blood obtained from anywhere in the circulatory system say artery, vein or capillary. A medical auditor and claim processor should know that differences in measured blood gas values between arterial and venous blood are most pronounced for PO2 as PO2 is the only clinical reason for obtaining arterial collections.

9 mins

"The Asian Development Bank (ADB) strengthens the insurance sector in Asia and the Pacific by partnering with finance ministries, regulators, and stakeholders."

Arup Chatterjee, Unit Head of the Capital Markets and Insurance Practice Team at the Asian Development Bank (ADB), has over 35 years of experience shaping global policies and driving reforms in insurance, pensions, and capital markets.

8 mins

Read all stories from THE INSURANCE TIMES

THE INSURANCE TIMES Magazine Description:

The Insurance Times, which will be completing glorious 42nd year of successful and regular publication in 2022, is the most authentic information source on insurance in India.

The Insurance Industry under the new regulatory setup is moving forward aggressively.
Every month, the journal covers informative articles and features on both general insurance and life insurance. Besides regular columns for Insurance Regulators, Brokers, Bancassurance, legal, surveyor, agents, students etc; it brings you the latest and updated news of the Indian as well as overseas insurance industry.

Regular features on risk management and safety also keep you abreast of the latest risk management techniques. 

We regularly review the policies issued by life and non-life companies including comparisons of various products.

A special emphasis is given on marketing of insurance both life and general. This journal is a must for all persons connected with insurance companies, corporate bodies, brokers, banks, surveyors, agents, consultants, students, educational institutions and professionals.