IRDA micro-insurance Regulations, 2005 defines microinsurance as a general or life insurance policy with a sum assured of Rs 50,000 or less. In other words, micro-insurance aims to provide financial …
Insurtech Part 5: How Insurtech arrange funding
If you haven’t read our previous articles on Insurtech, please give it a go on The Actuarial Club. We highly recommend you to read these articles in addition to this …
Insurtech Part 4: Benefits of Insurtech to Insurance Companies
Many companies are already benefiting from the advent of Insurtech. As they have transformed themselves digitally to offer convenience, security, choice, and comparison to their modern customers, it becomes important …
Indian Insurance Sector – At the Crossroad of Development
“Insurers need to become catalysts for innovation and government need to spread awareness across each corner of the whole country in order to drive growth in Indian insurance sector” Even …
5 Ways The IoT Will Transform The Insurance Industry
The U.S. Insurance industry is the world’s largest insurance market where 6,118 companies, employing 2.5 million people, have net annual premiums of $1.1 trillion. Yet, despite its size and …
How can Actuaries be Thought Leaders on Cyber Liability?
The infrastructure, the users, and the services offered on computer networks today are all subject to a wide variety of risks posed by threats that include distributed denial of service …
[Submitted] Actuaries and Data Scientists – Match Made In Heaven or Hell?
In our previous article titled “What is the reality of the Chief Data Officer role within the insurance sector?”, we were joined by leading Chief Data Officers and Chief Analytics …
Chennai floods: says Insurers need to invest in actuarial capabilities
Everyone is shocked after #ChennaiFloods but people, entrepreneurs and government is doing far better job to take back everything to normal. While it’ll take time but here’s a bad news …