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The eIA advantage: How policyholders can benefit from electronic insurance accounts

With digital insurance, there is a reduced risk of misplacing physical documents or missing renewals. Family members can get access to benefits in the absence of policyholder since e-insurance account is a common online repository of policies across insurers.

India , Development-authority-of-india , Insurance-regulatory , Development-authority , Policyholder-interests , Central-insurance-repository , E-insurance , Ia , Nsurance , Ife-insurance , Ealth-insurance

New insurance rule: What is e-Insurance? Benefits of e-Insurance Account for policyholders | Business

Financial Literacy News: Starting April 1, 2024, you must keep your insurance policies in electronic format, similar to the way investors store shares in a demat account. The Insurance Regulatory and Development Authority of India (IRDAI), in its "Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers Regulations, 2024," has mandated that every insurer must have a board-approved policy for issuing insurance policies in electronic form, as stated in its notification.

India , Vivek-bengani , Siddharth-singhal , Business-head-of-health-insurance-at-policybazaar , Development-authority-of-india , Starting-april , Insurance-regulatory , Development-authority , Policyholder-interests , Allied-matters , Insurers-regulations , Insurance-account

From mutual fund info validation to opening e-insurance accounts, here are seven key financial changes this April

Also brace for rise in debit card fees and scaled down credit card reward points next month.

India , National-insurance-repository , Axis-bank , Development-authority , Insurance-regulatory , Karvy-insurance-repository , Insurance-repository , Central-insurance-repository , State-bank , Money-calendar , Vistara-infinite

New Insurance Policies To Be Issued Only In Electronic Format, Policy On Surrender Value Tweaked From Today, 1 April 2024

Insurance Regulatory and Development Authority of India has said that two new insurance rules are applicable from 01 April 2024.

New-delhi , Delhi , India , Development-authority-of-india , From-april , Insurance-regulatory , Development-authority , Policyholder-interests , Central-insurance-repository , Irdai , Nsurance

New insurance policies will be issued only in electronic format from April 1

The Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory for insurers to issue fresh policies digitally. This would ensure easier access to policies and make keeping track of policies across companies and segments simpler.

India , Vivek-bengani , Siddharth-singhal , Development-authority-of-india-protection-policyholder , Health-insurance , Insurance-regulatory , Development-authority , Policyholder-interests , Central-insurance-repository , Business-head , E-insurance , Rdai-rules

Major regional pullouts – how will they affect reinsurance markets?

AM Best delves into new political unrest

Niger , Mali , Burkina-faso , Economic-community-of-west-african-states , African-union , Monetary-union , Economic-community , West-african-states , West-african-economic , West-african , West-africa

Reliance General Insurance starts accepting premiums in RBI's e-Rupee

Customers who have an active e-wallet with any bank can scan Reliance General Insurance's e-Rupee QR code to make immediate payments

Bengaluru , Karnataka , India , Bhubaneswar , Orissa , Mumbai , Maharashtra , New-delhi , Delhi , Shaktikanta-das , India-central-bank-digital-currency , First-bank

MGA Yokahu: building resilience to Caribbean hurricanes

Creating systemic strength is vital for a region regularly hit by major storms. Yokahu’s Tim McCosh says parametric insurance is a big part of the answer.

Puerto-rico , London , City-of , United-kingdom , Tim-mccosh , London-market , Mga-yokahu-building-resilience-to-caribbean-hurricanes , Ccosh , Arametric , Esilience , Limate-change

A new reinsurance world: the paradigm shift of 2022

This year has witnessed the hardest hard market for decades, but 2023 is expected to eclipse it bringing ever greater opportunity, says Matthew Wilken of Hiscox Re & ILS.

Matthew-wilken , Intelligent-insurer , Hiscox-re-amp-ils , Atthew-wilken , Einsurance , Nsurance , Arket , Pportunity , Ncertainty , Aradigm , Hift

The Citizens backstop: a precarious plan unlikely to save the Florida

With Florida’s re/insurance market potentially just one major storm away from collapse, an Intelligent Insurer panel hammers out what needs to happen to make a real difference and, spoiler alert, Citizens is not their final answer.

Louisiana , United-states , Florida , Mark-friedlander , Insurance-information-institute , Intelligent-insurer , Nsurers , Ollapse , Einsurance , Nsurance , Egislative , Eform