Day: April 29, 2024

Marine Insurance is incredibly important in the world of the shipping industry. It helps protect ship owners and cargo owners from different kinds of risks. One important thing in marine insurance is the idea of warranties.  Warranties in marine insurance are special promises or statements made by the person getting insured (usually the shipowner or… Continue reading Warranties in Marine Insurance

The Insurance Regulatory and Development Authority of India (IRDAI) is like the boss of the Indian insurance sector that oversees and manages the insurance sector to meet customers’ evolving needs. It was created in 1999 as an independent and legally mandated body. The IRDAI is responsible for regulating the insurance industry in India and even… Continue reading Role & Guidelines of IRDA in the Indian Insurance Sector