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THE INSURANCE TIMES - May 2025

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In this issue we have covered articles on - Cyber Security and Cyber Liability Insurance: A Strategic Imperative for Risk Management - H. R. Gangwal; Impact of COVID on Indian Insurance Industry - Need to Be Risk Ready - Dr Sonjai Kumar; The importance of context- the implication of Noscitur a sociis Rule - Prof (Dr) Abhijit K. Chattoraj; Customisable health solutions for diverse employee needs - Sajja Praveen Chowdary; Powerful People - Vazir Ahmed Khan; How Innovative AI and Machine Learning Are Set to Redefine the Future of the Insurance Sector - Aditya Dadia; InsurTechs deploy AI to reshape claims and customer experience in insurance - Saurabh Tiwari.
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.

General Insurance News

Terrorism Insurance Premiums to Drop Up to 15% from April 1

7 mins

Insurance Regulator Update

IRDAI Warns Heritage TPA for Violating Claim Communication Norms

4 mins

Health Insurance News

Mental Health Claims Account for Only 1% of Total Medical Insurance Payouts

6 mins

Life Insurance News

Life Insurers Face Margin Pressure in Q4, General Insurers Struggle with Claims

4 mins

International News

Wipro Secures £500 Million Deal with UK's Phoenix Group

2 mins

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 mins

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 mins

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 mins

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 mins

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 mins

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 mins

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 mins

Lees alle verhalen van THE INSURANCE TIMES

THE INSURANCE TIMES Description:

Uitgever: Sashi-Publications-Private-Ltd

Categorie: Business

Taal: English

Frequentie: Monthly

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.