Review of natural catastrophes in 2011: Munich Re
A sequence of devastating earthquakes and a large number of weather-related catastrophes made 2011 the costliest year ever in terms of natural catastrophe losses.
New Swiss Re sigma study explores insurance growth drivers and profitability in emerging markets
Insurance in emerging markets has experienced strong growth over the past decade and the outlook for the next decade remains promising. Nonetheless, given the expectation of persistent low interest rates…
Is curve fitting the right approach for Solvency Capital Requirement ? – Algorithmics weighs up the pros and cons
One of the major challenges facing European insurers in the lead up to Solvency II is how to report their solvency capital numbers to regulators more frequently, in more detail…
Natural catastrophes and man-made disasters caused insurers USD 108 billion loss
According to preliminary estimates from Swiss Re’s sigma team, total insured losses for the global insurance industry from natural catastrophes and man-made disasters reached USD 108 billion in 2011.
Asia Insurance Industry Awards Honours 15
Fifteen companies and individuals have emerged as winners of the 15th Asia Insurance Industry Awards, in a hotly contested race which received more than 500 entries in 15 categories.
Swiss Re Q3 2011: Net income USD 1.3bn
Swiss Re has reported a net income of USD 1.3 billion in the third quarter of 2011 (vs USD 0.6 billion in the prior-year period). All segments contributed to these…
Tips for prevention of Heart Attack
Heart attack means sudden occlusion of arteries of the heart by blood clots resulting in compromised blood supply to heart. Primary function of heart is to pump blood to various…
Health Insurance Policies sold in India
Health Insurance sector has come a long way in India since the opening of the market. Earlier only 2 policies were available. Mediclaim and Personal Accident. However with arrival of…
Claim procedure in respect of a general insurance policy
(1) An insured or the claimant shall give notice to the insurer of any loss arising under contract of insurance at the earliest or within such extended time as may…
Why health insurance is regarded as an imperfect market?
Economists often describe health insurance as an imperfect market. To understand the concept we have to dwelt in deep the features of an imperfect market.