People of Insurance

Key Takeaways Insurance premium amount is subject to increment with an increase in the risk factor. Customers can reduce such eventual increases by maintaining a low claims history, a good driving record and by avoiding lapses in insurance coverage. It is beneficial to adopt an insurance plan at a young age to attract lower premium […]

Today, life spins on a digitised axis. Thanks to technology and digitalisation, there is a non-negotiable demand for personalisation. This has trickled down on insurance as well. Accenture studied that 88% of customers demand more personalisation from insurance providers. To keep up, insurers have to take up the challenge of delivering fast, adaptable and tailor-made

In the past couple of years, the insurance industry has undergone several changes, majorly due to the Covid 19 pandemic. Even though things seem to be going back to normal, the insurance industry and you should be prepared for what the future might bring. To gain more insight in this regard, we had the opportunity

Last year, we started a series called People Of Insurance and since then we have had the opportunity to talk to experts like Atul Mehta, Sagar Sanyal, Sankar Mohan and more! It’s been so exciting to have conversations with them and share those things with you! Together, we learnt a lot more about the industry

Remember when Maggi had to recall their products from all over the country? Ever wondered the kind of cost such an activity will add to the business expenses? They suffered an overall loss of ₹ 451.6 cr along with long term damage to overall sales. How can a business offset such a risk? By using insurance,

Key Takeaways Cyber insurance, like any other insurance policy, covers any kind of contingency; however, the trigger is usually a cyber-related incident. The risk is industry-agnostic and is relevant to all businesses It is an indemnification-based policy but also goes a step beyond. Two buckets for liabilities are first-party losses and third-party losses. In the

Key Takeaways The first and foremost thing you should do is to register a complaint with your insurance company to get your grievance addressed. Every insurance company has a Grievance Redressal Officer (GRO). If your complaint is not addressed at the local level, you can escalate it to the GRO of the insurance company. You

This People of Insurance edition is a little different. This month, we got two insurance experts together that has been a part of the insurance industry for years! First, let’s introduce our guest Atul Mehta. Atul is the Executive President at Go Digit, a general insurance company that offers products like health, car, bike, and

The last two years have changed the face of the insurance industry, not just domestically but worldwide. Let us take a look at