Sandeep Goradia Chief - Corporate Solutions Group ICICI Lombard General Insurance Co Ltd
The Indian economy continues to be a beacon of growth and opportunity, attracting both domestic and foreign investments across various sectors. The country's economic reforms and ease of doing business initiatives have further improved the investment climate, fostering entrepreneurial spirit and innovation. India's integration into the global economy has strengthened its position as a key player in international trade and investment with Indian companies making significant contributions on the global stage. As India continues on its path of progress, the economy's resilience, coupled with the contributions of corporates and robust infrastructure development, has emerged as one of the fastest-growing economies worldwide, with a projected growth rate of over 6.0% in FY23-24.
India's ambitious goal of becoming a $5 trillion economy has sparked a wave of capital expansion across the country. Both the government and private sectors are making significant investments in key areas such as manufacturing, technology, healthcare, renewable energy, and digital infrastructure. The recent $10 billion program for semiconductor development attracted global giants, signalling growing confidence in India's capabilities.
As India continues to strengthen corporate governance practices and inclusive growth, it has taken significant strides in promoting renewable energy to combat climate change, and has emerged as a front-runner in the adoption of Environmental, Social, and Governance (ESG) initiatives.
General Insurance as a sector is a critical pillar for the Economy
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Health Plans: Is It Wise To Opt For Monthly Payments?
Insurers have started promoting monthly and quarterly premium payment modes in an effort to make health plans affordable for all.
Health Insurance
Health insurance claim assistance platform ClaimBuddy has raised a $5 million investment, marking the successful closure of its Series A funding.
Tele MANAS-A Comprehensive Mental Health Care Service in India: An opportunity for Health Insurance Sector
Dr. Brock Chisholm, the inaugural Director-General of the World Health Organization WHO), made a foresighted statement, in 1954, that true physical health can only exist in the absence of mental health\". After more than 60 years, not much has changed in the situation. There have probably been mental health problems throughout human history, and it can be difficult to identify a single setting that gave rise to these worries.
Union Budget's emphasis on digital transformation in Life Insurance sector and how it impacts on common policy holders
\"The digital revolution sweeping through various industries has now firmly set its sights on insurance, and the life insurance sector in India is no exception.
SS Armistan: Bill of Lading, Agreement, Libel or an Estopple?
\"A bill of lading BL or BoL) is a legal document issued by a carrier transportation company) to a shipper that details the type, quantity, and destination of the goods being carried. A bill of lading also serves as a Shipment receipt when the carrier delivers the goods at a redetermined destination. This document must accompany the shipped products, no matter the form of transportation, and must be signed by an authorized representative from the carrier, shipper, and receiver.\"
How Fuel Cells are shaping the Indian Automobile Industry by Spearheading Green Energy Solutions towards eradicating the risk of scarcity of petro products in Hydrogen based vehicles
Fuel cell technology emerges as a promising solution, offering a cleaner and more efficient energy alternative.
Boeing: Is it Really about Supply Chain?
\"The current woes at Boeing tend to get Iumped under the heading of supply chainâ. There are compelling reasons as to why they do. However, there are also good reasons as some astute observers point out as to why three signals which highlight later in this article) should not get buried under the mountain of supply chain noise.\"
The Evolution of Wellness-Linked Insurance Underwriting in India
Amidst the ever-shifting terrain of insurance underwriting, India is witnessing a transformative evolution, particularly in the sphere of health and wellness. Departing from traditional methods reliant on age, gender, and medical history, insurers are embracing innovative approaches that intertwine wellness with underwriting.
Do the Social Media influencers create disturbance in the minds of users, in context of Insurance?
Did you know that according to a survey 72% of young adults rely on social media influencers for financial advice, including insurance?
Insurance Caselaws
Reliance Nippon Life Insurance Co. Ltd. vs Gharohari Devi
