The survey found growing acceptance of AI in claims-related interactions, even as buyers remain cautious about using it to make insurance purchase decisions.
The measures are part of a broader effort to strengthen supply-chain resilience as geopolitical risks continue to pressure maritime transport and insurance markets.
The executive will spearhead IBISA's growth strategy in India, targeting opportunities across lending, SMEs, renewable energy and other climate-exposed sectors.
From 1 November, the revised rules require insurers to set up product committees led by their principal executive, conduct regular product reviews and strengthen accountability for product failures.
A government-backed report points to captives and other alternative risk-transfer mechanisms as insurers grapple with rising catastrophe and cyber exposures.
