Everything You Wanted to Know About Reinsurance
The practice of insuring again. One of the functions of the Direct Insurance is to spread the loss so that the losses of the few who have claims will be…
How Robotics is changing the face of Indian Banking? What are the different risks involved in it.
How Robotics is Changing the Face of Indian Banking: An In-Depth Analysis Introduction The banking sector is the backbone of any economy, and in India, it has been witnessing significant…
Leveraging Technology for Income Protection and Replacement Products in India: A Path to Inclusive Insurance
The Landscape of Income Protection in India India, with its rapidly growing economy and burgeoning middle class, presents a unique yet challenging landscape for income protection and replacement products. Despite…
Indian Economy Past-Present-Future with world view
The Indian economy has experienced significant changes over the decades, transforming from a largely agrarian society to a more diversified economy with growing industrial and service sectors. Here's an overview…
THE CONCEPT OF TOP-UP INSURANCE PRODUCTS IN INSURANCE
1. Preface: Excess of loss is effectively a ‘top-up’ limit of indemnity that sits in excess of the existing primary limit, and mirrors the cover provided by the primary wording.…
NHPS- National Health Protection Scheme
The Government of India has announced a massive Health Scheme for the downtrodden people of India called the Ayushman Bharat National Protection Scheme to be launched from August 15 this…
Implementing RFQ platform for Investments in Corporate Bonds / Commercial Papers
With a view to enhance and coalesce the fragmented liquidity in Corporate Bonds, SEBI has implemented the Request for Quote (RFQ) Platform through Bombay Stock Exchange (BSE) and National Stock…
Managing Insurance Distribution Risk Using Supply Chain
Background One of the key challenges in the insurance business is selling new products (that meets customer’s need) and retention of existing customers which if not met properly may result…
GENETIC DISORDER AND HEALTH INSURANCE POLICY – ISSUES, CHALLENGES AND DILEMMA IN INDIAN CONTEXT
Disputes between contracting parties do come up in commercial world in terms of interpretations of words, clauses, duties, obligations, etc. particularly when one of the contracting parties gets affected financially…
Adjustment of claim under Both to Blame Collision Clause
Both to Blame Collision Clause is appearing in the Clause 3 of Institute Cargo Clauses which provides that “This insurance is extended to indemnify the Assured against such proportion of…