Finance Minister Urges Insurers to Innovate and Adapt to Emerging Risks
The Finance Minister has issued a direct challenge to the insurance sector: innovate or be left behind. In a recent address, the Minister emphasized the need for insurers to proactively adapt to a rapidly evolving risk landscape. This call to…
IRDAI’s Bold Move: Expanding Insurance Coverage to Prevent Financial Distress
The Insurance Regulatory and Development Authority of India (IRDAI) is pushing for a significant expansion of insurance coverage across the country. This proactive measure aims to mitigate financial hardship for individuals and families facing unexpected events. The IRDAI believes that…