Category: Insurance

Top 5 Insurance Trends for 2025

COVID-19’s turbulence and upheaval have underlined the value of resilience in many businesses. Unpredictable occurrences and mass uncertainty were felt deeply in the insurance industry, which has always been based on measurable risk assessment. As a result, the insurance landscape has become irregular, with rising demand for some insurance categories – such as event cancellation

Legal options Upon Insurance Claim being Rejected?

Insurance Claim The well-known legal aphorism “Ubi Jus Ibi Remedium” states that “where there is a right, there is a remedy.” The legislature or an administrative authority guarantees that any damages incurred during the activity will be compensated. Who is eligible to make a claim under the Insurance Scheme? A policyholder, their legal heirs, or

Role of BPM in Insurance Market

The Long-Term Care (LTC) insurance industry brings both issues and opportunities to the forefront. On the one hand, the whole market has been gradually increasing and is expected to continue to do so. The traditional LTC insurance industry, on the other hand, is continuing to fall as prices rise and people become less willing to

Does my existing health insurance over coronavirus?

This tragic and devastating pandemic crisis has shattered worldwide health standards. Coronavirus, or Covid-19, is wreaking havoc on not only the economy but also people’s health. The medical costs associated with Coronavirus therapy put a strain on the patient’s and his or her family’s finances. Medical bills can add unneeded stress during this economic crisis

Top 5 Trends in the Insurance Industry

1. New Models, Personalized Products Usage-based, on-demand, and ‘all-in-one’ insurance lifestyle solutions will become more relevant within the digital economy. Customers will prefer individualised insurance coverage over the present one-size-fits-all options. Today, distribution costs account for more than 80% of the premiums collected by insurers. Intermediaries in the insurance value chain, which are characterised by

TOP 10 : Merger and Acquisition Deals in Insurance Industry

In India, the insurance industry has experienced substantial expansion. There are two different business transaction in a contractual aspect which is based on commercial intent of the parties coming out due investigation and discussion between them that is beneficial to them and in their best interest are MERGER and ACQUISITION. Since its globalization 20 years

Car Insurance Blunders: Must Avoid

Before being driven on the road, all cars must be covered by proper insurance coverage, according to the Motor Vehicle Act of 1988. As the country becomes more digitally advanced, it is easier than ever to obtain insurance or renew a car insurance policy online with only a few clicks. Simultaneously, the rising number of

Jewellery Insurance Overview

Losing a valuable piece of Jewellery can be wrecking, both monetarily and inwardly. However, having the right sort of insurance set up can make that misfortune somewhat more bearable. This is what you need to know. What is Jewellery Insurance? Jewellery insurance ensures valuable things like rings, necklaces, bracelets, ear/nose studs and watches in the

Insurance Frauds Project

Insurance Frauds Project In general terms, Insurance fraud is an act committed with the intent to obtain a fraudulent outcome from an insurance process. This may occur when a claimant attempts to obtain some benefit to which they are not otherwise entitled, or when an insurer knowingly denies some benefit that is due. According to