Page 52 - Insurance Times December 2023

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7th BIMTECH Insurance Colloquium - 2023

on the 3rd November,2023, at the MCA Recreation Centre in Mumbai

The theme of the colloquium was "Expanding the Shri MR Kumar, Former Chairman of LIC of India, delivered the
Sustainable Value Chain: Climate Change's Impact on Keynote Address and Prof Bejon Kumar Misra, International
Property & Casualty, Health and Life Insurance" Consumer Policy Expert, delivered the Theme Address. This
year, Mr Atul D. Boda, Group Chairman J. B. BODA GROUP
The topic generated a comprehensive discussion which went
was honoured with the Lifetime Achievement Award.
into the interrelations between sustainability, insurance,
climate change, and their collective impact on P&C, health The release of the "India Insurance Report," which offered
and life insurance. It brought together various aspects of insightful information about the current situation of the
insurance market in India, was one of the event's major
these critical issues, fostering a dialogue leading to insights,
solutions, and informed decision-making. highlights.
Atul D. Boda, Group Chairman of all the J.B. Boda Group of
The relationship between sustainability, insurance, and
Companies, said, "Through 80 years of dedicated work, I have
climate change is complex and multifaceted, and it has
been privileged to witness the growth and success of J.B. Boda
significant relevance to various types of insurance, including Group, a journey made possible by the collective efforts of a
Property and Casualty (P&C), health, and life insurance.
remarkable team. I extend my heartfelt gratitude to all our
Insurance companies increasingly recognize the need to clients, stakeholders, and especially my life partner and family
address climate-related risks, promote sustainability, and members for their unwavering support."
innovate their products and operations to navigate the Of the three sessions, the first session was about "Climate
changing landscape effectively. Change, Insurance, and Inclusion" while the second session
There were 3 panel discussions under the broader theme: was focused on "Innovation in Insurance and Climate
Change," and the last session was themed around "Life and
Theme-I: Climate Change, Insurance and Inclusion
Livelihood Insurance and Consumers."
Theme-II: Innovations in Insurance and Climate Change
Theme-III: Life & Livelihood Insurance and Consumer Photographs on page 57

HDFC Life Sets a GUINNESS WORLD RECORDS™ Title for its

'Insure India' Campaign
Life insurance penetration is still very low in India and thus, there is a need for greater recognition of its importance
and increased adoption. In order to address this gap, HDFC Life launched the ‘Insure India’ campaign to raise awareness
on the importance of life insurance amongst Indians. The campaign represents the concept of shared responsibility of
employees, partners and customers, to drive positive change in ensuring the protection and financial wellbeing of every
Indian through life insurance products and services.
As part of this campaign, this year, HDFC Life rolled out series of initiatives amplified through a multi-pronged
communication strategy to reach individuals across the nation. To take it a step further, HDFC Life created an exclusive
microsite, urging everyone to join the movement and stand as one to attempt a Guinness World Records™ title. HDFC
Life achieved this feat for the ‘Largest online selfie mosaic with 19,097 photos’, which stands as a testament to their
commitment.

The Insurance Times December 2023 47