{"id":108041,"date":"2026-07-03T09:15:39","date_gmt":"2026-07-03T09:15:39","guid":{"rendered":"https:\/\/indianweekend.in\/index.php\/2026\/07\/03\/reimagining-insurance-in-a-rapidly-transforming-risk-landscape-tuesday-30th-june-2026\/"},"modified":"2026-07-03T09:15:39","modified_gmt":"2026-07-03T09:15:39","slug":"reimagining-insurance-in-a-rapidly-transforming-risk-landscape-tuesday-30th-june-2026","status":"publish","type":"post","link":"https:\/\/indianweekend.in\/index.php\/2026\/07\/03\/reimagining-insurance-in-a-rapidly-transforming-risk-landscape-tuesday-30th-june-2026\/","title":{"rendered":"Reimagining Insurance in a Rapidly Transforming Risk Landscape \u2013 Tuesday, 30th June 2026"},"content":{"rendered":"<div>\n<p class=\"wp-block-paragraph\"><strong>Mumbai (Maharashtra) [India], July 3:<\/strong> The Insurance Institute of India (III) conducted a seminar on <strong>30th June 2026<\/strong> on the theme <strong>\u201cReimagining Insurance in a Rapidly Transforming Risk Landscape.\u201d<\/strong> The seminar was organised as part of the <strong>71st Foundation Day<\/strong> celebrations of the Institute.<\/p>\n<p class=\"wp-block-paragraph\">The seminar aimed to deliberate on emerging challenges and transformative opportunities shaping the insurance sector in the 21st century, particularly in the context of evolving economic, technological, environmental, and societal risks. It focused on discussions around innovative insurance models, digital transformation, regulatory developments, climate resilience, cyber risk management, and inclusive insurance solutions for a sustainable and future-ready ecosystem.<\/p>\n<p class=\"wp-block-paragraph\">The contemporary risk landscape is increasingly influenced by geopolitical tensions, macroeconomic volatility, climate change, and rapid technological advancements, necessitating a fundamental rethinking of insurance products, distribution, and management practices with emphasis on resilience, customer-centricity, and sustainability.<\/p>\n<p class=\"wp-block-paragraph\">During the <strong>Welcome Address<\/strong>, <strong>Shri P. Jaipuria, Secretary General, Insurance Institute of India<\/strong>, highlighted the Institute\u2019s commitment towards strengthening professional capabilities and fostering collaborative engagement among stakeholders.<\/p>\n<p class=\"wp-block-paragraph\">The <strong>Inaugural Session<\/strong> featured addresses by <strong>Shri Ratnakar Patnaik, Deputy Chairman, BOE, III &amp; MD, LIC of India<\/strong>; <strong>Mrs. Girija Subramanian, President, III &amp; CMD, The New India Assurance Co. Ltd.<\/strong>, and <strong>Chief Guest, Shri R. Doraiswamy, CEO &amp; MD, LIC of India<\/strong>, who emphasized the importance of resilience, governance, and sustainable growth in the evolving insurance landscape.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Mrs. Girija Subramanian, President, III &amp; CMD, The New India Assurance Co. Ltd.,<\/strong> and <strong>Chief Guest, Shri R. Doraiswamy, CEO &amp; MD, LIC of India,<\/strong> highlighted the need for innovation, customer-centric strategies, and institutional strengthening to effectively respond to emerging risks and opportunities.<\/p>\n<p class=\"wp-block-paragraph\">The Inaugural session was concluded with a <strong>Vote of Thanks<\/strong> by <strong>Shri Kedar Sant, Secretary, Insurance Institute of India<\/strong>, who thanked all speakers, panelists, and participants.<\/p>\n<p class=\"wp-block-paragraph\">The seminar included <strong>two key thematic tracks.<\/strong><\/p>\n<h4 class=\"wp-block-heading\"><strong>Fireside Chat<\/strong><\/h4>\n<p class=\"wp-block-paragraph\">The Fireside Chat on <strong>\u201cBuilding Sustainable Growth with Customer Trust and Cost Discipline\u201d<\/strong> focused on transparency, service delivery, and grievance redressal mechanisms by <strong>Shri. Rakesh Jain, CEO, IndusInd General Insurance<\/strong>, moderated by <strong>Shri Shiv Kumar Singh, Faculty (General), College of Insurance.<\/strong><\/p>\n<h4 class=\"wp-block-heading\"><strong>CDO Panel<\/strong><\/h4>\n<p class=\"wp-block-paragraph\">The CDO Panel, comprising the esteemed speaker <strong>Smt. Anu Chaudhuri-Ghosh, Head Marketing and Business Administration, Star Union Dai-Ichi Life Insurance<\/strong>, <strong>Shri Atul Mehta, CDO-Institutional Business, Bajaj General Insurance<\/strong>, <strong>Shri Atul Srivastava, Chief Product and Distribution Officer, Ageas Federal Life Insurance<\/strong>, <strong>Shri Gaurav Saxena, Chief Distribution Officer \u2013 Bancassurance, Aditya Birla Sun Life Insurance<\/strong>, <strong>Shri Kamal Bharadwaj, Chief Distribution Officer \u2013 Corporate Solutions, TATA AIA Life Insurance<\/strong> on <strong>\u201cStrengthening Suitability, Disclosure, Sales Governance and Customer Outcomes\u201d<\/strong> addressed mis-selling concerns and emphasised stronger governance and alignment with customer needs, which was moderated by <strong>Dr Ramesh Kumar Satuluri, Faculty (Research &amp; Life), College of Insurance.<\/strong><\/p>\n<p class=\"wp-block-paragraph\">The discussions reinforced that sustainable growth and customer trust are interconnected and require integration of strategic, operational, and ethical considerations. Strengthening governance, ensuring fair practices, and leveraging technology were highlighted as critical for navigating the evolving risk landscape.<\/p>\n<p class=\"wp-block-paragraph\">The seminar witnessed participation from insurance professionals, customer service managers, sales managers, actuaries, and risk managers.<\/p>\n<p class=\"wp-block-paragraph\">The programme concluded with a <strong>Vote of Thanks<\/strong> by <strong>Shri Manish Raikar, Secretary, Insurance Institute of India<\/strong>, who thanked all speakers, panelists, and participants.<\/p>\n<p class=\"wp-block-paragraph\"><em>If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], July 3: The Insurance Institute of India (III) conducted a seminar on 30th June 2026 on the theme \u201cReimagining Insurance in a Rapidly Transforming Risk Landscape.\u201d The seminar was organised as part of the 71st Foundation Day celebrations of the Institute. The seminar aimed to deliberate on emerging challenges and transformative opportunities [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":108042,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[116],"tags":[19],"class_list":["post-108041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/posts\/108041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/comments?post=108041"}],"version-history":[{"count":0,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/posts\/108041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/media\/108042"}],"wp:attachment":[{"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/media?parent=108041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/categories?post=108041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/tags?post=108041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}