India’s banking and insurance sectors are increasingly leveraging artificial intelligence (AI) to transform how they manage risk, generate revenue, and engage with customers. Financial institutions are deploying AI-driven tools across credit underwriting, fraud detection, claims processing, and customer service functions. Read More …
Tag: Insurance Industry
AI Reshapes Risk and Customer Strategy Across India’s Banking and Insurance Sector
Growing Disaster Risks Lead to Tighter Construction Insurance Conditions in India
India’s construction insurance market is witnessing tighter underwriting conditions as insurers respond to increasing climate-related and natural disaster risks. Rising incidences of floods, cyclones, landslides, and extreme weather events are prompting insurers to reassess risk exposures associated with infrastructure and Read More …
AI Liability Is Becoming a Major Concern for Risk Managers
Artificial intelligence is rapidly transforming business operations, but it is also creating a new and complex landscape of liability risks. What was once considered a future challenge has now become an immediate concern for organizations, insurers, and risk managers worldwide. Read More …
Howden appoints TS Vijayavenkateswaran as EVP for Property and Risk Management
Global insurance intermediary Howden has appointed TS Vijayavenkateswaran as Executive Vice President (EVP) for Property and Risk Management, strengthening its leadership team as it expands its risk advisory and insurance capabilities across the region. In his new role, Vijayavenkateswaran will Read More …
Government urges tighter spending controls for banks and insurers
Indian authorities have directed banks and insurance companies to strengthen spending controls and enhance financial discipline amid increasing focus on operational efficiency, governance, and prudent resource management. The move reflects broader efforts to reinforce accountability and financial stability across the Read More …
Asset-intensive reinsurance gains importance in risk management
Asset-intensive reinsurance is increasingly emerging as a core component of long-term risk management strategies within the global insurance industry, according to recent insights from Reinsurance Group of America (RGA). The trend reflects growing focus among insurers on capital efficiency, balance Read More …
Insurance CROs focus on resilience and strategic transformation
Chief Risk Officers (CROs) in the insurance sector are increasingly being expected to play a broader strategic role as insurers navigate evolving economic, technological, regulatory, and operational challenges. Industry experts believe insurance CROs in 2026 will need to move beyond Read More …
Indian Corporates Move from Insurance Buying to Strategic Risk Management
Indian companies are increasingly shifting their approach from simply purchasing insurance to adopting comprehensive risk management strategies, reflecting a more mature and structured outlook towards business risks. According to the report, corporates are no longer viewing insurance as a standalone Read More …
Collaboration critical as geopolitical risks intensify pressure on insurers: IUA
Rising geopolitical instability is emerging as a defining risk for the global insurance market, prompting insurers to place greater emphasis on collaboration, information sharing, and coordinated risk management, according to the International Underwriting Association (IUA). Ongoing conflicts, trade tensions, sanctions Read More …
ASEAN Insurance Leaders Call for Stronger Regional Coordination on Emerging Risks
Insurance leaders across ASEAN have called for deeper regional coordination to address fast-evolving risks that transcend national boundaries. Speaking at a recent industry forum, senior executives emphasised that the interconnected nature of today’s risk landscape—driven by climate volatility, cyber threats, Read More …