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.
How much health Insurance is required?
The need for medical insurance increases with age. Disease may affect persons of any age may be a child, grown ups, young man or a old man. Accidents and injuries…
Insurance-linked securities market poised for continued growth
15 years after its inception, the market for insurance-linked securities (ILS) is poised for continued growth as re/insurers, governments and corporations continue to access capital market solutions to finance growth,…
Insurance News: Catastrophes cost the insurance industry USD 70 billion in the first half year of 2011
According to preliminary sigma estimates, total insured losses for the global insurance industry from natural catastrophes and man-made disasters reached an estimated USD 70 billion in the first half of…
Mortality protection gap in India estimated at USD 6.7 trillion
Swiss Re published a study,Mortality Protection Gap: Asia-Pacific 2011, which finds that the aggregate mortality protection gap across 12 Asian markets expanded significantly from USD 16 trillion in 2000 to…
insurance report finds current approaches inadequate for assessing future longevity
The substantial increases in life expectancy witnessed in recent decades have been consistently underestimated, a new Swiss Re research report reveals.