Insights

Research and insights for modern underwriting teams

Explore underwriting workflows, regulator-sourced risk research, and operational best practices.

Library

Regulator-sourced research, briefings, and editorial analysis

Topics

Underwriting, claims, insurance products, and regulation

Latest

October 8, 2026

Browse by topic

1513 articles

AllAI & InsurtechClaims & Loss PreventionGlobal & Cross-Border InsuranceIndustry Risk ProfilesInsurance for Startups & New EconomyInsurance ProductsMarket & TrendsOperations & Best PracticesRegulation & ComplianceRisk Management StrategiesUnderwriting & Risk

Claims & Loss Prevention - July 1, 2026 - 6 min read

Sue and Labour: Recovering Loss-Minimisation Expenses on Indian Marine and Property Claims 2026

When an insured peril strikes, the money a business spends to stop the loss getting worse is itself recoverable under the sue and labour duty and clause. This guide explains how sue and labour works as a separate head of claim, the reasonableness limit, the requirement that the peril be operative or imminent, and how poor mitigation can shrink the main recovery as well.

By Sarvada Editorial Team

Read article

Underwriting & Risk - June 30, 2026 - 6 min read

Reinstatements, the Hours Clause and What Counts as One Event: Catastrophe Treaty Mechanics for Indian Property Books in 2026

When a cyclone or a monsoon flood hits an accumulated property book, the recoverable is the output of treaty mechanics most direct underwriters treat as a black box. The hours clause decides whether a multi-day flood is one event or three. Reinstatements decide how many times the catastrophe layer can be tapped. The event definition decides clash. This post unpacks those clauses for catastrophe-exposed Indian property books and shows why they shape what an underwriter can safely accumulate.

By Tarun Kumar Singh

Read article

Underwriting & Risk - June 30, 2026 - 6 min read

Claims-Made, Occurrence and the Retroactive Date: Underwriting the Trigger on Indian Liability Policies in 2026

The most expensive gap in an Indian liability programme is usually not the limit but the trigger. Professional indemnity, directors and officers, and product liability are written claims-made, so the retroactive date and the continuity of cover decide whether an old wrongful act is covered when a claim finally lands. This post explains how claims-made differs from occurrence cover, why the retroactive date must be preserved across renewals, and how brokers guard against a silent retro reset.

By Tarun Kumar Singh

Read article

Underwriting & Risk - June 30, 2026 - 6 min read

Delegated Authority, Binders and Bordereaux: Underwriting Governance for MGAs and Coverholders in India 2026

With the Insurance Amendment Bill bringing managing general agents formally inside the intermediary definition, delegated underwriting in India is moving from a grey area toward a regulated discipline. This post sets out how a binder defines the authority an insurer hands to an MGA, what underwriting guidelines and limits must sit inside it, and how bordereaux reporting and audit rights let an insurer keep control of a book it does not directly write.

By Tarun Kumar Singh

Read article

Claims & Loss Prevention - June 30, 2026 - 6 min read

Employees' Compensation Act Claims in India 2026: Commissioner Adjudication, the Compensation Schedule and the Default Interest Trap

Settling a workplace injury or death claim under the Employees' Compensation Act 1923 runs on a statutory schedule, a Commissioner who adjudicates disputes, and a default interest plus penalty that bites employers who pay late. This post is a claims-mechanics guide for brokers placing employer's liability and workers' compensation cover for contract-labour-heavy operations, covering computation, the Commissioner's role, occupational disease and the one-month default trap.

By Sarvada Editorial Team

Read article

Claims & Loss Prevention - June 30, 2026 - 6 min read

No-Fault Claims Under the Public Liability Insurance Act 1991: Mandatory Cover, the Environment Relief Fund and What Hazardous-Substance Handlers Actually Pay Out

The Public Liability Insurance Act 1991 imposes strict, no-fault liability on anyone handling hazardous substances and makes liability insurance mandatory. Victims claim immediate relief without proving negligence. This post explains how the claims side works: the District Collector's role, the twin payout from the mandatory policy and the Environment Relief Fund, and why brokers must not confuse this statutory cover with voluntary public-liability programmes.

By Sarvada Editorial Team

Read article

Underwriting & Risk - June 30, 2026 - 6 min read

Building Commercial Capacity Through Treaty Structures: Quota Share, Surplus and Excess of Loss in India 2026

Most Indian commercial capacity is not a single number an underwriter picks. It is assembled in layers of proportional and non-proportional treaty that sit behind the direct policy. This post explains how a quota share, a surplus treaty and per-risk and catastrophe excess of loss combine to set the line a direct insurer can offer, why ceding commission and reinstatements matter, and how treaty terms quietly constrain a book before facultative is even needed.

By Tarun Kumar Singh

Read article

Claims & Loss Prevention - June 30, 2026 - 6 min read

RSMD and SRCC Claims After Civil Unrest in India 2026: Where the Fire Add-On Ends and the Terrorism Pool Begins

When a factory is damaged by rioting, a labour strike or mob action, the claim usually settles under the RSMD add-on to the Standard Fire and Special Perils policy. But cross the line into excluded terrorism and only the Indian terrorism pool responds. This post is a claims-practice playbook for characterising the peril, building the FIR and evidence trail, holding the malicious-damage line, and answering the common repudiation grounds.

By Sarvada Editorial Team

Read article

Claims & Loss Prevention - June 30, 2026 - 6 min read

Surety Bond Invocation and Recovery in India 2026: When the Bond Is Called, Who Pays First, and How the Insurer Claws It Back

When a beneficiary such as NHAI, a PSU or a project owner invokes a surety bond, the payout mechanics turn entirely on whether the bond is conditional or unconditional, and the insurer's recovery from the contractor is a separate fight altogether. This post walks the claims and recovery side of IRDAI surety insurance: on-demand exposure, the contractor indemnity agreement, personal guarantees and the unresolved recourse-rights gap that slows recovery.

By Sarvada Editorial Team

Read article

Underwriting & Risk - June 30, 2026 - 7 min read

Insuring the Coal Plant Nobody Wants to Cover: Thermal Coal Power Availability and Underwriting in India 2026

India is still commissioning thermal coal capacity even as global insurers and reinsurers withdraw from new coal construction and operation. That opens a widening gap between domestic energy policy and the cover a coal independent power producer or its EPC contractor can actually buy. This post sets out which insurers have published coal restrictions, what it means for property, machinery breakdown and erection cover, and how brokers structure programmes when international capacity narrows.

By Tarun Kumar Singh

Read article

Underwriting & Risk - June 30, 2026 - 6 min read

Warranties, Conditions Precedent and Basis Clauses: Where Underwriting Intent Meets Claims Enforceability in Indian Policy Wordings 2026

An underwriter loads a fire or liability policy with warranties intending them as risk controls, but Indian law treats a warranty as a stipulation in the nature of a condition precedent. Breach can let the insurer repudiate even where it did not cause the loss. This post sets out how brokers distinguish warranties, conditions precedent and bare conditions, how Indian courts enforce them, and how to negotiate the language at placement.

By Tarun Kumar Singh

Read article

Risk Management Strategies - June 29, 2026 - 5 min read

Annual Aggregate Deductibles and Aggregate Stop-Loss: Structuring Retentions for High-Frequency Losses in Indian Corporate Programmes

Per-claim deductibles do not protect a balance sheet against a bad year of many small losses. This post sets out how annual aggregate deductibles and aggregate stop-loss caps convert frequency volatility into a known maximum retained spend, how an aggregating specific deductible interacts with a per-event retention, and where these structures fit for Indian risk managers running fleet, multi-location property and general liability exposures.

By Tarun Kumar Singh

Read article

Regulation & Compliance - June 29, 2026 - 5 min read

Section 63 Bharatiya Sakshya Adhiniyam and Electronic Evidence: The New Certificate Rules That Decide Whether Your Commercial Claim Survives in Court

CCTV footage, emails, telematics data and system logs now drive most contested commercial claims, and the rules for admitting them in court have changed. This post explains how Section 63 of the Bharatiya Sakshya Adhiniyam, 2023 replaces the old Section 65B, introduces a dual-certificate and hash-value regime, and why defective certification can sink a repudiation or a subrogation suit no matter how strong the underlying evidence is.

By Tarun Kumar Singh

Read article

Regulation & Compliance - June 29, 2026 - 6 min read

The Bills of Lading Act 2025 and Rights of Suit: What India's New Maritime Title Law Means for Marine Cargo Claims and Subrogation

India has replaced its 169-year-old colonial bills of lading statute. The Bills of Lading Act, 2025 rewrites who can sue under a bill of lading and reaffirms the document's role as title to goods. This post explains what the change means for marine cargo insurers and traders: how rights of suit transfer to consignees and endorsees, why that matters for subrogation recoveries, and the practical claims implications for Indian exporters and importers.

By Tarun Kumar Singh

Read article

Regulation & Compliance - June 29, 2026 - 5 min read

The Boilers Act 2025 and Machinery Breakdown Cover: How India's First Boiler-Law Overhaul in a Century Reshapes Engineering Insurance Compliance

The Boilers Act, 2025 repeals the 1923 statute after nearly a hundred years, rewriting registration, inspection and the offence regime for steam boilers. This post explains what underwriters and risk managers in sugar, textile, chemical and power plants should read into the change, how four retained criminal offences differ from the new fiscal penalties, and where the reform touches boiler explosion and machinery breakdown policy conditions.

By Tarun Kumar Singh

Read article

Risk Management Strategies - June 29, 2026 - 6 min read

Self-Funding Employee Benefits Through a Captive and Medical Stop-Loss: A Risk-Financing Playbook for Large Indian Employers

As group-health claims inflation outpaces salary budgets, large Indian employers and global capability centres are asking whether to keep buying fully insured cover or to self-fund the predictable layer and reinsure the volatility. This post sets out the risk-financing mechanics of an employee-benefit captive, the difference between specific and aggregate stop-loss, the pooling options that make self-funding safer below the largest scale, and the multi-year governance the route demands.

By Tarun Kumar Singh

Read article

Risk Management Strategies - June 29, 2026 - 6 min read

Closing the Construction-to-Operational Insurance Handover Gap on Indian Projects: CAR/EAR Maintenance Periods, Testing and the First-Day Operational Cover

When an Indian plant, metro line or power project finishes, the most dangerous moment for its insurance is the seam between the construction policy and the operational programme. Mismatched testing-and-commissioning definitions, an unclear point of transfer and an overlooked maintenance period can leave a finished asset uninsured on the very day it starts earning. This post sets out the handover mechanics and a checklist to keep cover continuous from commissioning into operations.

By Tarun Kumar Singh

Read article

Risk Management Strategies - June 29, 2026 - 6 min read

Pursuing Highly Protected Risk Status for Indian Industrial Assets: Turning Loss Prevention into Property Premium Reduction

After fire-rate de-tariffing and burning-cost repricing, an Indian manufacturer can no longer assume a soft tariff will hold its property premium down. Discounts now have to be earned through engineering. This post explains the Highly Protected Risk standard, what fire-resistive construction, dedicated fire-water, automatic protection, housekeeping and management commitment actually require, and how reaching that standard converts capex into structural property-premium savings and better terms.

By Tarun Kumar Singh

Read article

Risk Management Strategies - June 29, 2026 - 6 min read

Loss of Attraction and Leader-Property Cover: Insuring Footfall-Dependent Indian Retail and Real-Estate Assets Against Nearby Events

A mall tenant, multiplex or destination-retail store can lose weeks of revenue when a neighbouring anchor or attraction is damaged, even though its own premises are untouched. Standard business-interruption cover, which responds only to damage at the insured's own property, misses this entirely. This post explains loss-of-attraction and leader-property extensions, the emerging non-damage variant, and how Indian retail and real-estate risk managers should scope the sub-limits and indemnity periods.

By Tarun Kumar Singh

Read article

Risk Management Strategies - June 29, 2026 - 6 min read

Malicious Product Tampering and Contamination Crisis-Management Cover for Indian Food, Beverage and Pharma Manufacturers

Contaminated Product Insurance pays far more than the cost of pulled stock. It funds the recall logistics, the testing bill, the legal exposure, the lost trading and the crisis-management work that decides whether a brand survives a tampering scare. This post explains what the filed Indian wording covers, how the malicious-tampering trigger works, and how F&B and pharma risk managers should fit a crisis retainer into their strategy.

By Tarun Kumar Singh

Read article

Regulation & Compliance - June 29, 2026 - 5 min read

The Mediation Act 2023 and Commercial Insurance Disputes: Where Pre-Litigation Mediation Sits Alongside Arbitration and the Ombudsman in India

India now has a dedicated mediation statute, and it reorders the toolkit for resolving commercial insurance disputes. This post maps where the Mediation Act, 2023 sits next to arbitration clauses, the insurance ombudsman and consumer forums, why a mediated settlement agreement carries the force of a decree, and how it interacts with the mandatory pre-institution mediation already required for certain commercial suits.

By Tarun Kumar Singh

Read article

Insurance for Startups & New Economy - June 28, 2026 - 6 min read

Product Liability for India's Alt-Protein and Cultivated-Meat Startups: Insuring 'Novel Food' Before FSSAI Finalises the Rules

Cultivated meat sits in a regulatory gap: FSSAI classes it as a non-specified or novel food with no finalised rule, yet the category already faces recall, contamination, mislabelling and consumer-injury exposure. This post shows how brokers structure product liability, recall and technical indemnity cover for first-of-kind food startups, and why the unsettled regulatory status drives the exclusions that matter most.

By Sarvada Editorial Team

Read article

Global & Cross-Border Insurance - June 28, 2026 - 6 min read

ATA Carnet Shipments: The Transit and Equipment Cover Gap When Indian Firms Send Gear Abroad for Trials, Fairs and Projects

An ATA Carnet moves your test rigs, instruments and demo units across borders duty-free, but it is a customs document, not an insurance policy. This post explains what the carnet does and does not do for Indian firms, why high-value equipment travelling out and back needs transit and electronic-equipment cover, and how the issuing association's guarantee creates a recovery exposure if goods do not re-import in time.

By Sarvada Editorial Team

Read article

Regulation & Compliance - June 28, 2026 - 6 min read

Bima-ASBA for Commercial Group Covers: How IRDAI's UPI Premium-Blocking Mandate Changes Proposal-to-Issuance Cash Flow for Brokers in India 2026

IRDAI's Bima-ASBA facility lets a policyholder block premium in their own bank account through a UPI mandate, with the money debited only when the insurer accepts the proposal. This post walks brokers and corporate risk managers through what that means for group health and other affected commercial placements: consent capture, the proposal-to-acceptance gap, the end of the refund cycle, and where the facility does and does not yet apply.

By Tarun Kumar Singh

Read article

Sarvada Intelligence

Use these ideas inside your underwriting workflow

See how Sarvada turns research, risk signals, and operational context into faster commercial underwriting decisions.

Explore the platformContact the team