Business
THE INSURANCE TIMES
Insurance Report
Allianz Global Insurance Report 2025: Rising demand for protection
5 min |
June 2025
THE INSURANCE TIMES
How Innovative AI and Machine Learning are set to redefine the future of the Insurance Sector
Artificial Intelligence and Machine Learning (AI and ML) are two of the most critical technologies at the forefront of the digital revolution. Both aim to provide feasible solutions to legacy issues in different sectors. The insurance sector has already introduced technologies to improve operational performance and resolve longstanding challenges.
4 min |
May 2025
THE INSURANCE TIMES
InsurTechs deploy AI to reshape claims and customer experience in insurance
For decades, streamlining the claims experience has been nothing short of navigating a maze without a map for the insurance industry. For customers, filing an insurance claim is hardly an experience anyone looks forward to. It usually comes in the wake of a distress, like an accident or a medical emergency or worse, an untimely loss.
4 min |
May 2025
THE INSURANCE TIMES
Cyber Security and Cyber Liability Insurance: A Strategic Imperative for Risk Management
In today's interconnected digital landscape, where the boundaries between the physical and virtual worlds blur, cybersecurity has emerged as a cornerstone of protection. Whether it involves safeguarding sensitive data, shielding critical infrastructure, or defending against increasingly sophisticated cyber threats, cybersecurity is no longer a mere technological necessity-it is a strategic imperative.
4 min |
May 2025
THE INSURANCE TIMES
Powerful People
Everybody will come across four type of persons commonly found in every society and place. Somebody may give advice to you as a friend and advisor, but after duping you, he may vanish, somebody may advise you out of some animosity and he may ruin your career.
3 min |
May 2025
THE INSURANCE TIMES
Customisable health solutions for diverse employee needs
What was once a customary inclusion in an employee's CTC is now evolving into a strategic component. The idea of group health cover might not be new, but the way benefits are structured and designed today definitely is. India's corporate structure is changing with the fresh influx of companies and so are the workplace dynamics.
3 min |
May 2025
THE INSURANCE TIMES
Impact of COVID on Indian Insurance Industry Need to Be Risk Ready
There is a continuous presence of uncertainty since COVID from late 2019. The people globally witnessed unprecedented deaths, economic volatility due to forced lockdown, loss of jobs resulting in a rise in unemployment adversely impacting gross domestic product of most nations.
6 min |
May 2025
THE INSURANCE TIMES
General Insurance News
Terrorism Insurance Premiums to Drop Up to 15% from April 1
7 min |
May 2025
THE INSURANCE TIMES
International News
Wipro Secures £500 Million Deal with UK's Phoenix Group
2 min |
May 2025
THE INSURANCE TIMES
The importance of context- the implication of Noscitur a sociis Rule
Context becomes very important when decoding a word used in a policy. In other words, the meaning of a word depends always on its context. When the meaning of the word used in a policy is uncertain or nebulous, the court first considers the immediate context of a word. It considers the broader context of the paragraph, section, or policy as a whole if needed.
7 min |
May 2025
THE INSURANCE TIMES
Insurance Regulator Update
IRDAI Warns Heritage TPA for Violating Claim Communication Norms
4 min |
May 2025
THE INSURANCE TIMES
Life Insurance News
Life Insurers Face Margin Pressure in Q4, General Insurers Struggle with Claims
4 min |
May 2025
THE INSURANCE TIMES
Health Insurance News
Mental Health Claims Account for Only 1% of Total Medical Insurance Payouts
6 min |
May 2025
THE INSURANCE TIMES
Role of Community- Based Organizations in Promoting Inclusive Insurance
Insurance remains one of the most underutilized financial tools among low-income and marginalized populations, despite its critical role in providing financial protection and risk management.
3 min |
April 2025
THE INSURANCE TIMES
"With a growing preference for DIY platforms and realtime assistance, insurers must offer agile, technology-driven solutions to meet these demands"
Sajja Praveen Chowdary heads the Corporate and SME Insurance business of Policybazaar.
3 min |
April 2025
THE INSURANCE TIMES
Role of Insurtech in a Digital Era
The insurance industry is undergoing an essential transformation driven by insurtechan emerging sector that integrates technology with traditional insurance models.
4 min |
April 2025
THE INSURANCE TIMES
Life Insurance News
LIC launches non-par product Smart Pension
7 min |
April 2025
THE INSURANCE TIMES
Insurance Regulator Update
IRDAI retains 'obligatory cession' at 4% for FY26
5 min |
April 2025
THE INSURANCE TIMES
"The Indian general insurance industry is witnessing a steady growth, in a range of 10-15%, driven by increasing awareness, regulatory reforms, and rising demand across sectors."
Mr. Subrata Mondal is a veteran in the Indian insurance industry with an illustrious career spanning over 36 years, marked by strategic leadership, technical expertise, and a deep understanding of risk management and commercial insurance.
4 min |
April 2025
THE INSURANCE TIMES
International News
Singapore's general insurance sector grows 6.3% to $8.08bn in 2024
4 min |
April 2025
THE INSURANCE TIMES
Success Story - Atul Jain, CEO, Jainone Insurance
In 1997, young Atul Jain's family of three brothers purchased a second-hand Maruti car.
4 min |
April 2025
THE INSURANCE TIMES
Health Insurance News
3 of 5 in India succumb after cancer diagnosis
7 min |
April 2025
THE INSURANCE TIMES
Insurance Contract: Rules of Interpretation
Courts frame Common law rules to facilitate interpreting the words used in contracts, including insurance contracts.
5 min |
April 2025
THE INSURANCE TIMES
Scenario Planning: A Strategic Tool for Handling Multiple Risk Scenarios in Decision-Making
In a rapidly evolving world marked by geopolitical uncertainties, technological disruption, climate change, and pandemics, the traditional linear approach to planning and decision-making is no longer sufficient.
4 min |
April 2025
THE INSURANCE TIMES
"United India Insurance has undertaken significant innovative transformations and is strategically positioning itself to better address the evolving needs of its customers and maintain a competitive edge in the market."
Q: Could you start by giving us a brief overview of United India Insurance Company's performance over the past year?
8 min |
March 2025
THE INSURANCE TIMES
The Role of AI and Big Data in Transforming Life Insurance Underwriting
The life insurance industry is undergoing a significant transformation, driven by the adoption of Artificial Intelligence (AI) and Big Data. Traditional underwriting methods relied heavily on lengthy paperwork, manual risk assessments, and standardized criteria, which often led to inefficiencies, delays, and conservative risk evaluations.
3 min |
March 2025
THE INSURANCE TIMES
Unlocking the Implication of Warranty
It is heartening to note that the regulator in India (IRDAI) recently formed a high-power panel to suggest measures for insurance reforms. It is expected to examine various areas of the Insurance Act 1938 and recommend suitable and adequate amendments in keeping with the changing business trends and requirements of the customers.
7 min |
March 2025
THE INSURANCE TIMES
The future of work: Model of the Talent Life Cycle (TLC)
Its time that organizations understand that the perfect candidate with the perfect set of skills will be scarcely available in a highly competitive labor market. Hence we have to focus on our existing employees and identify opportunities to train or refocus their skills into new positions.
6 min |
March 2025
THE INSURANCE TIMES
Life Insurance News
SBI Life Insurance Company added 1.76% after the company reported 71.19% increase in net profit to Rs 550.82 crore despite a 52.21% fall in total income to Rs 18,542.16 crore in Q3 FY25 over Q3 FY24.
5 min |
March 2025
THE INSURANCE TIMES
Smart Pension Plan for Smart People
LIC Smart Pension Plan is a single premium, instant annuity plan that provides lifelong financial security through guaranteed pension payments. Ideal for retirees and professionals looking for a stable retirement income, the scheme offers flexible payout options, death benefits, credit facilities and tax benefits.
5 min |