THE INSURANCE TIMES - July 2023

In this issue

In this issue we have covered articles on An Important Tool to Detect Integrity Violations in Government Health Insurance Programmes - Vinay Verma & Dr Vaishali Pradhan; Environment, Social and Governance challenges of the Insurance industry in the Post Pandemic Environment - Venkatesh Ganapathy; Wearable Tech and Insurance: Transforming Personalized Insurance Solutions - Rohit Boda; Crop Insurance - A journey witnessed - Bishwesari Singh; How life insurers can leverage digital field underwriting - Sushil Valeja; Measure to prevent Insurance Fraud - Gopal Balachandran; Usage-Based or Telematics Car Insurance in India - H. O. Suri; Risk Management and Insurance – The Future career scope - Dr C. Madhavi Prasad.
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.

An Important Tool to Detect Integrity Violations in Government Health Insurance Programmes

Government health insurance schemes operate on cashless and paperless models. In a cashless model the entitled beneficiary gets treatment free in empaneled hospital and patient has not to pay for treatment cost

10+ mins

Environment, Social and Governance challenges of the Insurance industry in the Post Pandemic Environment

Managing ESG risks is becoming increasingly important for companies as stakeholders, including investors and customers, become more focused on sustainability and corporate responsibility. Companies that effectively manage ESG risks are better able to protect their reputation and financial performance in the long term

9 mins

Wearable Tech and Insurance: Transforming Personalized Insurance Solutions

The popularity of wearable tech has skyrocketed as people increasingly prioritize their health and well-being. These devices allow users to monitor their daily activities, such as steps taken, calories burned, heart rate, and sleep patterns. They provide valuable insights into fitness progress, enabling individuals to set goals and track their performance.

2 mins

Crop Insurance - A journey witnessed

Crop Insurance is based on statistical tools, administration machinery down to the grass root level, technology, satellite imagery services, insurance intellect and many other highly specialized expertise being used in crop insurance in the country making it more effective and the largest crop scheme in the world in terms of farmers enrolment, having millions of applications every year and amongst the top 3 in terms of premium received

7 mins

How life insurers can leverage digital field underwriting

Traditionally, Insurance Agents were used for data collection, prospect's profiling, and insurability before the formal underwriting process began. Insurance Agents would walk in door to door to compile necessary information about the prospects profile like their Income, Health, Occupation, House Ownership, Cars etc

2 mins

Measure to prevent Insurance Fraud

Insurance companies have been impacted by fraudulent activities, suffering financial losses as a result. Most industry experts believe that fraud exists anywhere between 10-15% and they are being discovered across lines of business

4 mins

Usage-Based or Telematics Car Insurance in India

\"Whether car or motor insurance, telematics is often referred to as usage-based insurance. With the introduction of telematics solutions, the insurance industry in India is going to witness a transformation in motor insurance. Our endeavor is to improve customer service & give customers the flexibility to choose their insurance premium based on their driving behaviour using telematics.\"

1 min

Risk Management and Insurance - The Future career scope

The risk management occupation, and especially the RM&I industry, ensure persons and businesses' economic success by effectively & efficiently managing their risks. All sections of this industry are seeking talented people to fill the channels. The reason, this career take advantage of talents, offers variety, flexibility, above average growth prospects

3 mins

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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.