If you intend to run an insurance business in India — be it life insurance, general insurance, health insurance, or even re-insurance — you can’t just dive in with publicity. Your venture must be formally registered with the Insurance Regulatory…
In the world of insurance, the two most common terminologies are the insurance agent and the insurance Broker. While they sound similar, they adhere to several differences and serve distinct roles and responsibilities. That said, here is everything you need…
Web Aggregator in Insurance sector plays an instrumental role in boosting insurers’ reach and growth through their online platform. With an intuitive layout and a range of filtering options, the web aggregator eases the blow for policy-seekers, helping them select…
Starting a business should not be like paying attention to irrelevant details or going back and forth with legalities. Instead, it must be a hassle-free journey so that you can focus on things that drive value. In this guide, we…
If you are looking for a business model that is sustainable, growth-oriented, and long-lasting, insurance brokering could be your best bet. As the demand for diverse insurance products continues to rise, insurers are increasingly looking for viable brokering partners to…
Reinsurance is an arrangement wherein an insurer (aka ceding company) opts for insurance from a reinsurance company to minimize potential losses tied to insurance issued by the former. Simply put, reinsurance provides a predetermined threshold of protection to insurance issued…
Third-party administrators (TPAs) are an indispensable part of the insurance ecosystem. From assisting with critical tasks like claim assessment, and policy selection to client support, TPAs have reshaped the way health insurers operate and manage their policies. Although being a…
Insurance companies in India operate within a strict framework, be it a matter of maintaining finances, serving policyholders, or adhering to audit requirements. Audits play a vital role in plugging compliance gaps, ensuring stability, reliability, and transparency for insurers. From…
Insurance brokers have carved a special position in the insurance sector by boosting insurers’ business. In the status quo, they have emerged as reliable partners for streamlining insurers’ operations. However, the way they operate is confined to IRDAI’s insurance broker…
How to Become an Insurance Surveyor Becoming an insurance surveyor presents a stable growth path for individuals or firms seeking to leap into the insurance sector. From assessing claims to evaluating damage thresholds, insurance surveyors address various tasks and hence…