New Year 2025 Resolutions: As the calendar turns to 2025, it brings with it a fresh opportunity to evaluate and improve your financial well-being. Among the most critical elements of a sound financial plan is a comprehensive health insurance policy. In today’s unpredictable world, a single medical emergency can wreak havoc on your savings and…
General Insurance Sector Faces Short-Term: The Indian general insurance sector is currently grappling with mounting short-term challenges, particularly in the first quarter of 2025. The industry witnessed a concerning 2.8% year-on-year (Y-o-Y) decline in Gross Direct Premium Income (GDPI) for February 2025, signaling a broader trend of stagnation and instability. This decline is driven by…
Australia and New Zealand Face Home Insurance Crisis Due to Climate Change: Homeowners in Australia and New Zealand are facing a growing home insurance crisis, largely driven by the escalating impacts of climate change. From devastating floods and wildfires to intense storms, extreme weather events are becoming more frequent and severe, causing billions in damages….
Acko General Insurance Fined ₹1 Crore by IRDAI: The Insurance Regulatory and Development Authority of India (IRDAI), India’s top insurance watchdog, has recently imposed a penalty of ₹1 crore on Acko General Insurance. The reason? Multiple violations of regulatory norms related to outsourcing practices and commission structures. Specifically, Acko was found to have engaged with…
Insurance Litigation Week in Review: The world of insurance litigation saw significant developments this week, particularly in cases involving American International Group (AIG) and its policyholders. In a notable ruling, a court determined that an AIG unit is not obligated to defend a firearms retailer accused of contributing to gun violence through the sale of…
Rs 1 Crore Accident Insurance Free: In a landmark move aimed at ensuring the financial security and welfare of its personnel, the Central Industrial Security Force (CISF) has signed a new Memorandum of Understanding (MoU) with the State Bank of India (SBI). As per the MoU, CISF personnel – both serving and retired – will…
Insurers Adapt to Escalating Climate-Driven Hazards: As climate change continues to accelerate, the insurance industry finds itself at a critical juncture. With rising sea levels, intensifying hurricanes, unprecedented wildfires, and extreme weather events becoming more frequent, insurers are rapidly adapting to a new era of climate-driven risks. This evolution is reshaping the way insurance companies…
Reliance Health Infinity Insurance: Health is wealth, and safeguarding it has never been more important. With rising medical expenses and an increasing number of lifestyle diseases, having a robust health insurance plan is no longer an option—it’s a necessity. Reliance Health Infinity Insurance stands out as a comprehensive and affordable solution that caters to both…
Indias Health Insurance Boom: India’s health insurance sector is poised for a significant transformation, with forecasts indicating a growth from USD 15.99 billion in 2024 to USD 38.2 billion by 2032, registering a compound annual growth rate (CAGR) of 11.5%, according to research by SkyQuest. This expansion highlights a growing awareness and demand for health-related…
