Insurance Articles
INTRODUCTION Indian Motor Third Party Insurance Pool (IMTPIP) has been set up by all General Insurers in India to collectively service Commercial Vehicle Third Party Insurance business. Insurance Regulatory and…
While the insurance industry weathered the financial crisis relatively well, acting as a source of stability in the global financial system, the turmoil exposed flaws in the way insurers are…
Inflation describes the economic phenomenon of increasing prices for goods and services. During the financial crisis, inflation risk was a real concern for many financial institutions. Insurers in particular identified…
The two market collapses of the past decade have spurred many insurers to rethink their approach to investing. When markets rise rapidly and steadily, seeing only short term dips, as…
Swiss Re’s latest sigma study “Microinsurance - risk protection for 4 billion people†emphasises the relevance of microinsurance as an effective and viable risk management solution for low-income individuals. Microinsurance,…
Disclosures: Disclosure to the various stakeholders in the market is vital to the supervisory process in any jurisdiction. In an efficient marketplace disclosure is expected to achieve market discipline amongst…
With effect from 1st January, 2007, tariffs were withdrawn from the non-life insurance market. However, keeping in mind the mandatory nature of the third party business, the Authority decided to…
Marine Insurance is the oldest form of insurance originating from England. This was originated when merchants from different parts of
Terrorism is a new risk posing challenge for the insurance industry. The terrorist acts of September 11, 2001 have caused many changes in the global terror insurance market. One major…
We are living in the age of globalization and liberalization. This is affecting all the economic activities. Insurance is no exception. As far as General Insurance in India is concerned,…