The oft-repeated question is how do we increase the insurance penetration in India? General insurance penetration stands at around 1% while life insurance penetration is 4% ( total of 5%) This compares rather unfavorably with countries like South Korea ( 11%), Taiwan (17%), USA ( 12%), UK ( 11%) & Japan (8%). Obviously, there are […]
Is the Indian industry in sync with Indian government’s policy on Russia?
It is not enough if drop-shipments are insured under cargo policies. There is need for transparency among stakeholders on the valuation at which claims would be settled
Further to my earlier post Ukraine war & marine cargo insurance, the past week has seen no slow-down in hostilities. The insurance industry in India led by GIC Re has swung into action and issued notice of cancellation of War, strikes, riots and civil commotion cover to, from and within Ukraine, Ukraine territorial waters, Russian Black
The Russia-Ukraine war has thrown up some interesting questions on cargo insurance coverage
Can condensation lead to insect infestation inside a container?
General Average contributions need not always be made without studying the details, seeking clarifications and challenging the same where necessary.
Sailing ships staging a comeback to help shipping industry reduce carbon emissions
Poseidon Principles for marine insurance certainly focusses on climate risk and the need to address it. Are the principles right for the world at large?
