NEED FOR INCREASING INSURANCE PENETRATION IN INDIA
Life is full of uncertainties - unpredictable and unforeseen. While these uncertainties open us to immense possibilities to explore the life, they also leave us exposed to…
NEW MILESTONES IN THE INDIAN HEALTH INSURANCE SECTOR
The Right to Health is as important as the Right of Education. India's per capita public spending on Health is an abysmal …
Business centre heads of indian insurers need to understand customers’ body language
Introduction: Whenever a Customer approaches you - These ten commandants as stated below is to be observed as the basic ground rule: 1. Allow him / her…
Indian Market Natural Catastrophe Pool – A Conceptual Presentation
A) Introduction In Asia - Pacific zones we are all witnessing unprecedented frequency and severity of Natural Catastrophe like Japanese Tohoku Seaquake Tsunamis causing financial…
Commercial Insurance Coming of Age for Automated Underwriting
Introduction Property & Casualty (P&C) insurance industry was highly impacted by large catastrophic losses and soft market in 2012. P&C insurers struggled to improve their Combined Ratio…
Theoritical Insurance
The caption of this article needs some explanation - to keep the readers - especially those engaged in selling - and the author on the same plane…
Does Marine policy cover storage Risk
Introduction: The client often approaches the underwriters to grant storage cover at the intermediate places in conjunction with marine transit policy. Such storage at intermediate places is…
ENDEAVOUR TO REGULATE DETARIFFED GENERAL INSURANCE MARKET
Introduction: All of us are aware of the fact that with the enactment of the Insurance Regulatory and Development Authority Act, 1999 the Indian Insurance Regulator IRDA was established. IRDA…
INSURANCE & REINSURANCE Of FLOODS/STORMS As ACT OF GOD PERILS
Introduction Acts of God perils or Natural Catastrophe perils are 'Insurable' so far as they are "Reinsurable". The incidences of increasing frequencies and severity of events of losses caused by…
THE DEVIL IS IN THE “UNLIMITED LIABILITY”
Indian laws on accident claims are quite stringent. The laws were formulated by prioritizing the best interests of the victims and those who are liable to disburse the compensation,…