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Marsh India Newsletter News & Views

Marsh India Newsletter– News & Views. The latest edition provides an insight into the latest developments during the quarter as well as a succinct review of the key facets surrounding employee health and benefits space in India.
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I am pleased to share the second quarter issue of our Newsletter – News & Views, which provides an insight into the latest developments during the quarter as well as a succinct review of the key facets surrounding employee health and benefits space in India. 

Pandemic has been the key driver of decisions in the past one year, and as well as the first quarter of the current year. In this edition of the Newsletter we have tried to analyse the latest trends in the employee health and benefits space as businesses tried to lend their hands and support their workforce. 

Once such evolving trend is the OPD care.  The pandemic has exposed  exposed the limitations of a normal IPD health insurance policy provided to employees which offer financial protection to the insured against health-related expenses in the due course of hospitalization to something that can be a robust solution covering preventive care, diagnostic expenses, the cost for medicals etc. The first article of the Newsletter talks about the evolving OPD benefits and and how insurers are now coming with policies that cover most of the OPD expenses and treatment procedures which does not require hospitalisations.

The second article of this edition of the Newsletter focus on the findings of the survey, Health & Benefits Pulse Survey - A Resilient India Inc. Rising to COVID-19. According to the survey, businesses extended their support and care to employees with 96% of the respondents identifying employee wellbeing as their top priority, during the second wave of the pandemic.  

The current edition also includes the latest trend of the Global Insurance Market Index (GIMI). As per the latest edition, Asia’s commercial insurance pricing rose by 6% year-on-year in the second quarter of 2021, while at the same time, the global commercial insurance prices rose by 15%. 

The current edition of News & Views will also include our usual news and media segments, as well as the initiatives and innovations, are done by Marsh India to support our clients in these uncertain times. 

We aim to make this newsletter a forum for discussion on issues relevant to the insurance industry and hope you find it informative and insightful. We welcome your feedback and encourage you to share it with us at contact.india@marsh.com

Warm regards,

SANJAY KEDIA
Country Head and CEO
Marsh India

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Disclaimer: Marsh India Insurance Brokers Pvt Ltd is a subsidiary of Marsh McLennan.

Marsh India Insurance Brokers Pvt. Ltd. having corporate and the registered office at 1201-02, Tower 2, One World Center, Plot-841, Jupiter Textile Compound Mills, Senapati Bapat Marg, Elphinstone Road (W), Mumbai 400 013 is registered as a composite broker with Insurance and Regulatory Development Authority of India (IRDAI). Its license no. is 120 and is valid from 03/03/2021 to 02/03/2024. CIN: U66010MH2002PTC138276.