Rohit Boda
Group Managing Director J. B. Boda Group
In an era marked by unprecedented environmental and social challenges, the insurance industry is undergoing a transformative shift towards sustainable underwriting. As climate change, social inequality, and governance issues become increasingly prominent, insurers are recognizing the need to integrate Environmental, Social, and Governance (ESG) factors into their underwriting processes. This shift not only aligns with global efforts to address pressing issues but also positions the insurance industry as a key player in promoting sustainability and a fraternity who is concerned about their ESG goals.
Rising Global Challenges
The world is witnessing a surge in extreme weather events, from hurricanes and floods to wildfires and droughts. These events not only pose immediate threats to lives and properties but also create long-term risks for insurers. As the frequency and intensity of such events escalate, insurers are grappling with the financial fallout. Simultaneously, social issues such as income inequality, human rights violations, and diversity concerns are gaining attention, adding another layer of complexity to the risk landscape. The interplay of these challenges demands a holistic approach to underwriting that goes beyond traditional risk assessments.
This story is from the February 2024 edition of THE INSURANCE TIMES.
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This story is from the February 2024 edition of THE INSURANCE TIMES.
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"Bancassurance is at the heart of our growth strategy. It allows Bandhan Life to reach more customers and provide accessible, trusted insurance solutions through a familiar network."
About Indranil Dutta - Indranil Dutta brings 23 years of experience in insurance, banking, and sales, with a specialization in bancassurance. As the Chief Business Officer - Bancassurance at Bandhan Life Insurance, he leads the banca sales channel and plays a key role in driving the company's strategic vision of becoming a leading multi-channel life insurer with an expanded presence across product categories.
IRDAI Corner
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International Conference on Inclusive Insurance (ICII) 2024
The 20th edition of the International Conference on Inclusive Insurance (ICII) concluded on a high note in Kathmandu, Nepal, after five days of insightful discussions, interactive workshops, and collaborative networking. Hosted by the Nepal Insurers' Association in partnership with the Life Insurance Association Nepal, Nepal Micro Insurance Association, Nepal Insurance Authority, Munich Re Foundation, and the Microinsurance Network, the conference brought together around 500 participants from around the globe. The Insurance Times was the media partner in the event.
How to choose a Health Insurance Plan that fits your evolving needs
When you are single, you might focus on plans with basic coverage and low premiums. As you get married, look for family floater plans that cover your spouse. When you have children, ensure the plan covers pediatric care, vaccinations, and other child-specific healthcare needs.
My View on #20SIRC Conference
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