New Delhi: A contract of insurance is of utmost good faith and a proposer who seeks to obtain life insurance policy is duty bound to disclose all material facts bearing upon the issue, the Supreme Court has said. The top court said this while setting...
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``Millennial buyers and the maturity of digital tools will bring about profound change in insurance distribution models''
How do you see the situation triggered by the Covid-19 Pandemic and its extensive impacts on insurers? The biggest challenges and impact insurers are facing due to Covid-19 are: (1)the inability to sell face-to-face (this is pretty much how insurance was sold to date) (2)the...
- ``Traditional products will become simpler and standardized,the demand will be more for innovative products to cover emerging risks''
- ``Insurers are fast-tracking their digital adoption to survive Covid-19 Pandemic''
- ``Our strategy is to increase footprint in the developed economies while maintaining and growing market share in our part of the world''
- ``There will be a post-Brexit trade deal between India and the UK''
- ``Industry should focus on product innovations, especially in the pension space''
By Tim Smith, Head of Client Management, UK, AXA XL In these unprecedented times for us all, innovation in the insurance industry has not slowed – indeed, responses to the COVID-19 pandemic have in many cases accelerated innovation and change. The pandemic has changed the...