The updated guidelines also incorporate parameters such as the implementation of Indian Accounting Standards and the removal of “dark patterns” in customer interactions.
Shenergy P&C, which underwrote the mine's work safety liability, has prepared an advance claims fund, while more than 50 insurers have activated fast-track processes to cover the policies of affected...
China's insurers have paid or advanced 210m yuan (US$29m) to policyholders as the NFRA orders fast-track claims handling following floods and landslides across six regions.
Persistent underwriting losses and high distribution costs weigh on India’s general insurers, with direct models and customer ownership seen as key to improving economics.
