The Role of Third-Party Administrator in Health Insurance has become increasingly important in the post-COVID era, as India has seen a sharp rise in demand for health insurance across all age groups. Today, people are more aware of the need…
There is an increasing demand for professionals called surveyor loss assessors in the insurance sector. Their ever-rising demand stems from the increasing illicit activities concerning insurance claims. According to one source, the general insurance companies in India during 2016-2020 confronted…
The insurance sector has been instrumental to the nation’s success and economic growth. Accounting for over 4% of India’s GDP, the insurance sector offers budding entrepreneurs more stability and growth potential. Among all business models in this sector, IMF has…
Insurance web aggregators serve as a single window that can help select an ideal insurance policy among ample options. Policy Bazaar is one of the prominent examples of Insurance web aggregators. They collect, compile, and illustrate data that allows policy-seekers…
Entering the insurance sector is a promising business decision, supported by strong industry growth and long-term potential. Documents for Insurance Broker License play a crucial role at the very first step of this journey, as proper documentation forms the backbone…
Insurance brokers are certified professionals with IRDAIs’ approval. They objectively perform various functions, including solicitation of insurance products, assisting customers with decision-making, claim settlement, etc. They act as a bridge between the prospects and the insurance companies, letting the latter…
The insurance sector in India has experienced booming growth in the past few years. This growth is fueled by ever-increasing demand and awareness for diverse insurance products among the masses. Due to strict competition, running an insurance business is an…
Securing an IRDAI license involves addressing a compliance-intensive process brimming with strict norms. That’s where a seasoned agency can make a huge difference. From comprehending norms and addressing training requirements to paperwork, having an expert agency ensures that you get…
The Insurance Regulatory and Development Authority of India (IRDA) within the purview of the IRDA Registration of Insurance Marketing Firm Act 2015 unveiled the concept of an Insurance Marketing Firm in India, that objectively solicits and procures insurance products, renders…
The insurance sector is becoming more complex due to the growing number of policies and claims. A Surveyor License plays an important role in helping insurance companies assess losses correctly and prevent false claims. In India, insurance companies have faced…