Business
THE INSURANCE TIMES
International News
Growing demand in Europe: Munich Re remains disciplined while further expanding
5 min |
November 2024
THE INSURANCE TIMES
Life Insurance News
About 7 crore people have subscribed to the Atal Pension Yojana (APY) whose corpus has swelled to Rs 35,149 crore, Finance Minister Nirmala Sitharaman said.
6 min |
November 2024
THE INSURANCE TIMES
Health Insurance News
100 Hospitals Achieve Digital Certification from NABH
7 min |
November 2024
THE INSURANCE TIMES
Insurance Regulator Update
Panda encourages more conglomerates to enter Insurance Sector
4 min |
November 2024
THE INSURANCE TIMES
General Insurance News
PM's Principal Secretary Advocates for Broader Insurance Coverage Across All sectors
10 min |
November 2024
THE INSURANCE TIMES
"We concentrate on climate risk and adaptation, climate change mitigation and inclusive insurance which complements Munich Re's sustainability agenda. This has been the case from the beginning and has not changed."
Q1: The Munich Re Foundation was established in 2005 to mark the 125th anniversary of Munich Re. Could you elaborate on the mission of the Foundation and how it has evolved over the years?
8 min |
October 2024
THE INSURANCE TIMES
IRDAI Corner
The Insurance Regulatory and Development Authority of India (IRDAI) as part of steps towards reinforcing empowerment of policyholders has issued Master Circular on Protection of Policyholdersi¦ Interests under the IRDAI (Protection of Policyholdersi¦ Interests, Operations, and Allied Matters of Insurers) Regulations, 2024 replacing 30 circulars.
4 min |
October 2024
THE INSURANCE TIMES
Insurance Caselaws
The Supreme Court disagreed with the National Consumer Disputes Redressal Commission's (NCDRC) ruling in an appeal contesting an NCDRC ruling.
2 min |
October 2024
THE INSURANCE TIMES
Legal Update
J&J told to pay Rs. 35L each as compensation to hip implant victims
5 min |
October 2024
THE INSURANCE TIMES
New Product Launches
Star Health and Policybazaar Launch 'SUPER STAR': A Modular Long-term Health Insurance Plan
2 min |
October 2024
THE INSURANCE TIMES
Pension to Elderly Women- A step towards dignified grey years
The problem of old age is more severely felt by the women because of their being financially dependent either on the spouse or on children. Ignoring the issues concerning elderly women poses a major social development challenge for the country.
10+ min |
October 2024
THE INSURANCE TIMES
The Why and How of Hyperpersonalization in Insurance
A case study by McKinsey predicted 5-15% increase in revenue and 10-30% increase in marketingspend efficiency through personalized product recommendations. Another study reported that 78% of insurance executives believe personalized service based on real-time data analytics will be a crucial differentiator in the industry.
4 min |
October 2024
THE INSURANCE TIMES
Oxygen Mask for Suffocating Patients
The clouds of COVID menace have not yet vanished, Yet there is emergence of several associated diseases. The major loss was due to insufficiency of oxygen to the dying patients despite WHO giving several instructions for prevention of COVID like maintaining social distance and usage of mask.....
2 min |
October 2024
THE INSURANCE TIMES
Inclusive Insurance Global Landscape: Summary of recent studies -
A report from the Microinsurance Network reveals that inclusive insurance is making strides, but challenges remain in terms of scale and reach. The report finds that 330 million individuals are covered globally by inclusive insurance products, including health, agriculture, and property insurance. However, despite these advancements, there is still an 88.5% protection gap-only 11.5% of the potential market is currently insured.
6 min |
October 2024
THE INSURANCE TIMES
Inclusive Health Insurance: Ensuring Access to Affordable Healthcare for Low-Income Populations
Access to affordable healthcare remains a critical challenge for low-income and informal sector workers worldwide. With rising healthcare costs and the lack of financial safety nets, millions of people are forced into poverty each year due to medical expenses.
6 min |
October 2024
THE INSURANCE TIMES
Building Sustainable Microinsurance Models: Lessons from Asia, Africa, and Latin America
Microinsurance plays a crucial role in providing financial security to low-income populations that are often excluded from traditional insurance markets. These underserved communities are highly vulnerable to risks such as health emergencies, natural disasters, and loss of income.
6 min |
October 2024
THE INSURANCE TIMES
Climate Change and Its Impact on Inclusive Insurance: Safeguarding Vulnerable Communities
As climate change intensifies, its impact on vulnerable communities-particularly those at the bottom of the economic pyramid-has become increasingly apparent. These populations, often residing in developing countries, face heightened risks from climate-related events such as floods, droughts, cyclones, and extreme heat.
6 min |
October 2024
THE INSURANCE TIMES
The Role of Digital Innovation in Expanding Inclusive Insurance: Leveraging Fintech for Greater Coverage
As the insurance industry continues to evolve, digital innovation is proving to be a powerful force in expanding access to inclusive insurance. This transformation has been particularly impactful for low-income populations that have historically lacked access to traditional insurance products.
6 min |
October 2024
THE INSURANCE TIMES
Bridging the Protection Gap: Strategies to Reach the Bottom of the Pyramid in Inclusive Insurance
As global attention increasingly shifts towards financial inclusion, insurance coverage for lowincome populations, often referred to as the \"bottom of the pyramid\" (BOP), has become a central issue. Despite strides in inclusive financial services, a significant protection gap still exists for vulnerable communities in developing countries.
6 min |
October 2024
THE INSURANCE TIMES
International Conference on Inclusive Insurance at Nepal (ICII 2024) Media Partner: The Insurance Times
The International Conference on Inclusive Insurance (ICII 2024), taking place from 21-25 October in Kathmandu, Nepal, will mark the 20th edition of this globally significant event.
3 min |
October 2024
THE INSURANCE TIMES
International News
Ensuring Safer Skies in Nepal Through Adherence to Standard Operating Procedures
10+ min |
October 2024
THE INSURANCE TIMES
Life Insurance News
LIC Seeks IRDAI Review of Surrender Value Guidelines
5 min |
October 2024
THE INSURANCE TIMES
Health Insurance News
Star Health Set to Expand into Motor and Life Insurance Sector.
5 min |
October 2024
THE INSURANCE TIMES
Insurance Regulator : Update
IRDAI Introduces 30-Day Free-Look Period for Policies
2 min |
October 2024
THE INSURANCE TIMES
General Insurance News
ECGC Downgrades Bangladesh to 'Moderate Risk' Amid Political Instability
6 min |
October 2024
THE INSURANCE TIMES
Innovating for Resilience: Exploring the Future of Inclusive Insurance
The year 2024 marks a pivotal moment for the insurance sector, particularly in the domains of inclusive insurance, climate risk, micro insurance, and the rise of parametric insurance as a key innovative financing mechanism.
2 min |
October 2024
THE INSURANCE TIMES
"With over 15 years in the insurance industry, I've focused on steering our company toward profitability and market leadership. Recognizing gaps in policy understanding and time-consuming processes, we founded Riskbirbal Insurance Brokers to offer quick, Al-driven solutions."
Syed Meraj Naqvi is a visionary leader known for his astute business sense and a proven history of propelling overall growth. With over a 15-year career in the insurance industry, he has consistently guided the company towards profitability and carving a prominent position in the market. Today, Naqvi has plans to integrate cutting-edge technology in the insurance and risk management industry and provide seamless experience to small & medium businesses. Thus, he aims to create insurance products and risk management services that involve a mixed model of POS and direct engagement, facilitated by robust software solutions.
5 min |
September 2024
THE INSURANCE TIMES
Retirement Planning: How insurance can contribute towards building a robust retirement fund
\"Retirement phase of our life is a milestone where we bid adieu to a traditional work routine and set out to begin a new chapter. It's a wonderful phase where we seek to fulfil many of our dreams and aspirations that may have been on hold during the working years.\"
3 min |
September 2024
THE INSURANCE TIMES
What is next for Insurance Distribution?
In today's fast-paced world, the only constant is rapid change. While change has been a buzzword across all industries, insurance was often perceived as slow and unyielding due to its complex regulatory environment and the nature of its products. However, the last decade has turned this perception around.
4 min |
September 2024
THE INSURANCE TIMES
Revolutionizing Insurance - The Impact of InsurTech on the Future of Risk Management
InsurTech, short for Insurance Technology, involves using technological innovations to improve efficiency and reduce costs in the insurance industry. The innovations harnessed in InsurTech typically come from fields such as big data, artificial intelligence, machine learning, IoT (Internet of Things), and blockchain.
4 min |