CATEGORIES

MV AL Quamar: Maritime Lien - Historical Maritime Fraud

A maritime lien is often described as the barnacle” attaching to a ship’s hull. A maritime lien, in respect of a particular ship, travels with that ship, irrespective of whether that ship changes ownership. Ultimately, it is the ship itself which owes obligations which may be breached. The word lien” is derived from a Latin word ligament” which means binding.

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 chain’. 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

Legal Update

All consumer courts to hear cases online from 15 April

New Product Launches

Bajaj Allianz General Insurance Unveils Privé A One-of-a-Kind Program that Provides Unparalleled Coverage and Service Excellence

Interview: Johnson Varughese Chief Executive Officer WALAA Insurance Company Al-Khobar, Kingdom of Saudi Arabia

\"Establishment of the IA will accelerate the growth of the Insurance Sector as the Industry will now get focused attention. The strategy of IA is likely to be aligned with Vision 2030 and Financial Sector Development plan. Since savings is one of the pillars of Vision 2030, I hope to see a lot of emphasis on Protection and Savings Insurance Products.\"

IRDAI Corner

Investments in Infrastructure Debt Funds - NBFC

2023 was a watershed year for insurance sector, but there's more to come

Innovation in regulatory framework, promotion of ease of doing business while enhancing protection of policyholders’ interests and measures taken to expand the reach of insurance penetration make 2023 a year to remember in the insurance industry.

The Future of Insurance: ESG as a Cornerstone of Sustainable Underwriting

As climate change, social inequality, and governance issues become increasingly prominent, insurers are recognizing the need to integrate Environmental, Social, and Governance ESG) factors into their underwriting processes. This shift not only aligns with global efforts to address pressing issues but also positions the insurance industry as a key player in promoting sustainability and a fraternity who is concerned about their ESG goals.

Cancer Insurance - An Indispensible cover

Recent advances in cancer treatment have opened new treatment options, such as targeted therapy and immunotherapy, for people diagnosed with advanced-stage disease. However, these advanced treatments are costly and remain out of reach of many.

Emerging Horizons: New Opportunities in Commercial General Insurance Segment

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.

Interview: Dr Tarun Agarwal Director National Insurance Academy, Pune

\"National Insurance Academy is undoubtedly the most renowned institution not just in India, but internationally. We are an apex institution in the field of education, training, research and consultancy in insurance, pension and allied areas.\"

Historical Maritime Fraud

M.V B-Atlantic - War Risk Cover: An Insurer’s Dilemma or Fraud!!

Navigating the natural conundrum: Why Reinsurers continue to maintain positive outlook for non life Insurance market in asia pacific region in 2024 & beyond despite challenges posed by natural hazards

The Asia-Pacific region has long been susceptible to a range of natural hazards, including earthquakes, typhoons, floods, and tsunamis. These events pose significant challenges to the insurance industry, particularly the non-life insurance sector, which covers property, casualty, and other general insurance lines.

Trust with Law

Khaitan Legal Associates' website succinctly proclaims, \"We are a value-driven law firm.

The Impact of Geopolitical Uncertainties on Marine Insurance

Marine insurance offers financial security against perils such as natural disasters, piracy, collisions, and theft, among others. By providing compensation for the loss or damage of goods, it helps facilitate smooth and efficient trade by minimizing financial risks and ensuring the continuity of supply chains.

War exclusion and its implication on cyber attack claims

War being a catastrophic event of unimaginable scale is generally kept as an exclusion in every property and casualty policy.

The Holistic approach towards Enterprise Risk Management (ERM)

ERM looks at each business unit as a \"portfolio\" within the firm and tries to understand how risks to individual business units interact and overlap. It is also able to identify potential risk factors that are unseen by any individual unit. The Government ambitious plan of PM GatiSakti is the fine example of how ERM is being followed on principle.

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

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.\"

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

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