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Underwriting & Risk
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October 6, 2026
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131 articles
Underwriting & Risk - October 6, 2026 - 10 min read
Brent traded near $100 on 6 October against about $72 before the war, and cotton yarn rose roughly Rs 95 a kilo over the year. Stock sums insured set on April valuations may now carry silent underinsurance under the average clause. Worked examples and the mid-term fixes.
By Tarun Kumar Singh
Underwriting & Risk - October 5, 2026 - 9 min read
IRDAI's consultation paper would measure general insurers' expenses against domestic gross direct premium income instead of GWP and step the limit down to 25% and then 20%. Here is why the denominator matters, which service lines compete for the tighter envelope, and what large commercial buyers should lock into renewal terms.
By Tarun Kumar Singh
Underwriting & Risk - October 2, 2026 - 9 min read
The cold separator rupture at MRPL Mangaluru, reported on 30 September, came while the refinery planned to run above 100% of capacity. Here is what above-nameplate operation does to machinery breakdown warranties, BI sums insured and indemnity periods, and why cancelled export tenders sit outside property cover.
By Tarun Kumar Singh
Underwriting & Risk - October 1, 2026 - 9 min read
The 2026 monsoon ended as a national 'mild drought' at 13 per cent below normal, yet Odisha finished 30 per cent above its average and late-September floods in Uttar Pradesh killed at least 62. The all-India deficit is the wrong basis for cutting flood cover or STFI at the April 2027 renewal.
By Tarun Kumar Singh
Underwriting & Risk - September 26, 2026 - 9 min read
Industry engineering premium moderated to 5% growth in July 2026 while SBI General booked a 95.4% rise in Q1 FY27. The gap is redistribution at price, and for project owners it raises a question about whether the capacity behind next year's CAR and EAR placement will still be there.
By Tarun Kumar Singh
Underwriting & Risk - September 23, 2026 - 10 min read
CERT-In's August 2026 advisory records that mainstream support for Windows Server 2022 ends on 13 October 2026. Indian cyber wordings now carry minimum-security conditions, unsupported-software exclusions and patching warranties, and a published end-of-support date is the cleanest declinature argument an insurer can run.
By Tarun Kumar Singh
Underwriting & Risk - September 21, 2026 - 10 min read
A methane blast at NHPC's Teesta tunnel in Sikkim on 21 July and a water and debris inrush at THDC's Vishnugad-Pipalkoti tunnel in Chamoli on 14 August killed workers in both headings within four weeks. Underground works in Himalayan EAR and CAR programmes sit behind sub-limits, grouting and probing conditions, debris removal caps and plant warranties that most project owners have never read.
By Tarun Kumar Singh
Underwriting & Risk - September 14, 2026 - 12 min read
Q1 FY27 real GDP printed at 7.8 per cent on 31 August 2026 and manufacturing PMI hit a five-year low the next day. How to set declared turnover on a marine open cover, the ceiling on a declaration floater and a fire loss of profit sum insured when the two readings point opposite ways.
By Tarun Kumar Singh
Underwriting & Risk - September 13, 2026 - 10 min read
The National Building Construction Standards 2026, notified on 30 April 2026, moved the fire compliance height threshold from 15 metres to 24 metres and softened many mandatory provisions to advisory ones. A mid-rise commercial building can now be fully code-compliant and still fail a risk-engineering survey. This piece sets out where the two standards diverge and what to negotiate when they do.
By Tarun Kumar Singh
Underwriting & Risk - September 10, 2026 - 10 min read
India's commercial lines stopped moving as one thing in July 2026. Fire premium fell 31 percent while marine grew 42 percent and marine hull 61 percent, with engineering nearly flat at 5 percent. That is capacity rotating between classes, and it changes where a buyer should expect a soft quote.
By Tarun Kumar Singh
Underwriting & Risk - September 10, 2026 - 11 min read
IRDAI's Public Insurance Registry consultation paper proposes an Insurance Risk Score built from Insurance Information Bureau records, credit information companies and other permitted sources. This post explains what data would travel with a commercial risk, what consent a broker has to hold under the DPDP Act, and how to build a mitigation file that moves a score instead of hiding losses.
By Tarun Kumar Singh
Underwriting & Risk - September 5, 2026 - 10 min read
Festive hiring is set to add up to 2.7 lakh gig jobs, but most platform GPA and employees' compensation programmes are rated on a headcount declared at inception. Here is how the declaration adjusts, where principal-employer liability sits, and what to fix before the first surge week.
By Tarun Kumar Singh
Underwriting & Risk - September 5, 2026 - 11 min read
Financial Express reported on 20 August 2026 that Indian solar project costs could rise about 20 percent in six to eight months. Erection all risks and ALOP sums insured were fixed at financial close, so the average clause now scales down every partial loss on the build, and the maximum indemnity period is a harder constraint than the sum insured.
By Tarun Kumar Singh
Underwriting & Risk - September 4, 2026 - 11 min read
India's compulsory Public Liability (Act) pool shrank 6.2% to Rs 72.52 crore over April to July FY2026-27 while the wider liability book grew 10.9%. Here is what the Act's 1991 relief scales actually pay against what a multi-fatality process event costs, and the four-layer programme that closes the difference.
By Tarun Kumar Singh
Underwriting & Risk - September 1, 2026 - 10 min read
India has recorded 68 major grid disturbances affecting the renewable sector, with generation losses of up to 7 GW. Solar, wind and BESS operators file two very different claims out of those events, and standard Indian fire and machinery breakdown wordings treat them very differently.
By Tarun Kumar Singh
Underwriting & Risk - September 1, 2026 - 10 min read
India Semiconductor Mission 2.0 carries an outlay of INR 1.27 lakh crore, and this phase points at the layer below the fab. Underwriting gas plants, bulk chemical suppliers and tool cargo needs a different checklist from a fab account.
By Tarun Kumar Singh
Underwriting & Risk - September 1, 2026 - 9 min read
Bajaj Finserv announced its reinsurance entry on 31 July 2026, reported as the third private entrant in twelve months after the March 2026 IRDAI approvals. For a commercial buyer this is placement mechanics: who sits in the first tier of the order of preference, how much of the tower stays onshore, and what a new entrant's appetite is worth before it has a loss record.
By Tarun Kumar Singh
Underwriting & Risk - August 31, 2026 - 10 min read
Regulators are weighing bringing insurance surety bonds under the RBI's CRILC, closing the gap where bank guarantees are visible to lenders and surety bonds are not. What a contractor CFO, a surety underwriter and a broker should each model before the next bond issuance.
By Tarun Kumar Singh
Underwriting & Risk - August 29, 2026 - 11 min read
July 2026 figures show standalone health insurers growing 29 per cent against 6 per cent for public sector general insurers. For a corporate whose group mediclaim has sat with the same PSU insurer for a decade, that gap is a counterparty question. This post sets out how to run a structured panel review on solvency, claims-turnaround and network-depth tests.
By Tarun Kumar Singh
Underwriting & Risk - August 29, 2026 - 10 min read
India's 1 April 2026 treaty renewals handed cedants risk-adjusted rate reductions of 20 to 30 per cent on loss-free property excess-of-loss programmes, priced off a quiet first half of 2026. The second half is now delivering: roughly Rs 5,000 crore of estimated insurer claims from the Gujarat rains and Rs 1,001.71 crore of recorded loss in Himachal Pradesh, which is what the April 2027 renewal will be priced against.
By Tarun Kumar Singh
Underwriting & Risk - August 28, 2026 - 10 min read
MoRTH's draft amendment to the Central Motor Vehicles Rules, issued on 3 August 2026, opens the way for phased vehicle-to-vehicle communication in Indian motor vehicles. For a logistics operator it adds a software supply chain, a data trail and a liability question that motor, product liability and cyber wordings currently split badly between them.
By Tarun Kumar Singh
Underwriting & Risk - August 26, 2026 - 8 min read
GIC Re's June 2026 quarter shows domestic premium up 12 per cent on health growth of 37 per cent while fire fell 10 per cent, with obligatory cession down to a third of the domestic book from 39 per cent. Anyone placing a large Indian property risk should read that mix as a capacity signal.
By Tarun Kumar Singh
Underwriting & Risk - August 25, 2026 - 11 min read
A mustard oil packing unit in Alwar's Matsya Industrial Area burned for about eight hours and lost roughly seven lakh litres of oil, with the loss put at Rs 25 to 30 crore. Only two fire tenders were stationed in the whole industrial area. This piece works through how PML and MFL are set for stock-heavy occupancies, what private protection and estate mutual aid are worth in rating terms, and where the sum insured falls short when a fire runs eight hours.
By Tarun Kumar Singh
Underwriting & Risk - August 25, 2026 - 8 min read
New India Assurance's motor third-party incurred claims ratio hit 122.20 percent in Q1 FY27 and its motor underwriting loss grew by more than half. Third-party premium is notified and cannot move, so the recovery lands on own-damage rating, deductibles and declinature at your next fleet renewal.
By Tarun Kumar Singh
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