For the insurance sector, digitization came as a boon, surpassing its reach deeper into diverse demographics, leading to an astonishing demand for insurance products. Insurance web aggregators are among the key contributors to the ever-thriving Insurance sector. From easing decision-making…
TPAs play a key role in simplifying hassles pertaining to claims of health insurance products. From claim processing to pre-insurance medical examinations, Third-Party Administrator (TPA) caters to a range of tasks that ease the blow for insurers. To operate as…
Corporate governance refers to a transparent management framework that allows for dispute-free working, safeguarding the interest of stakeholders as well as policyholders. Good corporate governance translates to a seamless BOD’s affairs, contributing to a firm’s growth. IRDAI, every now and…
In the fast-paced world of insurance, reinforcing trust, credibility, and inclusivity can be a big hassle for insurers. Today’s customers want prompt and secure insurance products from the comfort of their homes. Recognizing this shift and ever-expanding digitization, IRDAI has…
The insurance sector is among the major pillars of the Indian economy, accounting for over 4% of the nation’s GDP. The advent of digitization has fueled the growth of this sector manyfold, reaching millions of people seeking bespoke policies. The…
Insurance Marketing Firm (IMF) is a robust distribution channel that ensures financial inclusivity for people seeking flexible insurance products. IMF was conceptualized by IRDAI in 2015 to promote the reach of diverse insurance products, allowing individuals to have increased financial…
Qualification for insurance Surveyor plays a vital role in shaping skilled professionals who support insurers in managing risk and claims efficiently. Insurance surveyors’ contribution towards insurers’ growth has been nothing short of instrumental. They have long been serving as an…
In today’s dynamic world, Insurance Repository Registration is becoming an important step for policyholders who want a safer and more organized way to manage their insurance policies. Insurance acts as a strong safety cushion that helps people handle risks such…
Web aggregators play a pivotal role in boosting the insurance sector. Being a web-based portal, web aggregators mitigate various burdens of the insurers by enabling services like policy comparison, KYC, policy issuance per IRDAI guidelines, etc. One of the prominent…
Regulators globally must secure customers’ interests without being overly stringent, paving the holistic environment wherein growth can prevail seamlessly. The concept of Regulatory Sandbox endorses this statement by enabling regulators to work closely with up-and-coming companies. Although not matured, authorities…