According to TRA’s Brand Trust Report 2019, LIC has emerged as one of the most trusted brand in the country to feature in the top seven brands.

Insurance companies are facing the acute problem of rate cutting and discounting. To solve this problem they must first decide among themselves that they will not allow discounting beyond a level. Though we are lucky that there has not been any major catastrophic loss in major cities in India. If a catastrophe strikes then the rates that are being charged currently will be grossly inadequate to meet the losses.

Rain hit matches to cost insurers millions:   Lost revenues from rain –hit cricket world cup games in England and Wales may cause in insurance claims of a few million pounds for each abandoned fixture, says sources.

Insurance fraud is one of the most serious problems threatening viability of insurance companies. Insurance frauds are driving up the overall costs of insurers and premiums for policyholders.

IRDAI has informally indicated no objection with Apollo Munich Health Insurance and HDFC ERGO General Insurance’s merger as per the information from source.

The climate change will be the next biggest issue to ponder for the insurance worldwide. The main issue with climate change is predictability. The way the climate change is occurring it is becoming increasingly difficult for insurers to predict future events and probable losses. The catastrophic losses can create havoc on the balance sheet of insurers and harden the insurance rates. This will ultimately affect the common insured.

Happy reading

Thanking you for the opportunity given to serve you,

Yours faithfully

For Link-K Insurance Broker Co. (Pvt.) Ltd

 V.P. Mohankumar