THE INSURANCE TIMES Magazine - February 2023

In this issue

In this issue we have covered articles on The future of Auto insurance is usage and behaviour based - Sanjay Datta; Epigenetic Application to the Insurance Industry - Kanya Saraswathy C; Business Continuity and Disaster Management - Lajpat Ray Chandnani; Emergence of Parametric Insurance - Swagata Karmakar; Father of Life Insurance - Dr. K. Raja Gopal Reddy; Event Cancellation Insurance Policies - Anabil Bhattacharya.
Interview of Rohit Boda, Group Managing Director, J. B. Boda Insurance & Reinsurance Brokers Pvt. Ltd.

We have covered news on General Insurance, IRDAI News, LIC News, Health Insurance News, Private Life Insurance News and International News.

Besides it covers other interesting features.

Budget 2023 Challenges Ahead!

Finance Minister Nirmala Sitharaman presented the budget on 1st February 2023.

2 mins

The future of Auto insurance is usage and behaviour based

Collision warning systems can detect collisions, and if a significant incident occurs, an SMS will be sent to the emergency contacts listed on the insurance company's helpline alerting them of the position of the car and the number of persons inside at the moment of the collision.

4 mins

Epigenetic Application to the Insurance Industry

The epigenome tells brain cells to behave as brain cells and not liver cells. In addition, the various epigenome, when exposed to stressors, can suppress the genes ability to fully express itself. For example, there are genes that will prevent the uncontrollable cell division that causes cancer.

4 mins

Business Continuity and Disaster Management

Business Continuity Management is inextricably linked to the Risk Management - one is the consequence of the other. Where Business continuity Management (including Planning and Testing) comes into force is through impact.

10+ mins

Emergence of Parametric Insurance

The event, or parameter,\" is often indicated by an established and authoritative index for that type of event, such as the Richter scale for earthquake intensity or the Saffir-Simpson scale for hurricanes or Knot i.e., nautical mile per hour for storm.

3 mins

Father of Life Insurance

Elizur Wright, a 19th century American who started his career as a mathematician is widely considered to be the father of life insurance.

1 min

"Technology-aided value adds have become an integral part of the reinsurance business.Let it be Rule Engine, Underwriting Manual, Predictive models in pricing or embedded products, all of it is playing an important role in the expansion of the reinsurance market."

About Rohit Rohit A. Boda joined the J.B.Boda Group in 2011 and is currently the Group Managing Director. He is a service focused broker who believes in utilizing opportunities from risks through strategic investment and visionary thinking.

8 mins

Event Cancellation Insurance Policies

Insurance companies in India are covering major events like international cricket against the uncertainties of terror attacks and the vagaries of weather. Event cancellation insurance policy helps protect interest of organizers, broadcasters and sponsors of various event/ functions.

5 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.