Insurers lost over Rs 30k crore due to frauds in 2011, says study by Indiaforensic
Indian insurance companies have borne a loss of over Rs 30,000 crore in 2011 due to different kinds of frauds, a study has claimed.
Swiss Re reports strong net income of USD 2.6 billion for 2011
Swiss Re reports strong net income of USD 2.6 billion for the full-year 2011, despite an exceptional natural catastrophe burden. By focusing firmly on its core businesses and the implementation…
LIMRA and LOMA Name Kevin McWhinney to Head International Sales
LIMRA and LOMA announced Kevin McWhinney will join the organization as managing director of international partnerships.
Motor Insurance Business – A bleeding portfolio worsening after liberalization
The origin of Motor Insurance began in 1895 in England. It is surprising to note, when he motor vehicles started its operation, General Insurance Corporation was the first company to…
How to revive a lapse life Insurance Policy?
The Insurance Regulatory and Development Authority has asked the actuaries of domestic insurance companies to develop a new definition on lapsation of insurance policies. This is because different insurance companies…
Eighth Annual International Risk Management Conference in Kazakhstan
Eurasia Insurance Company is organising and sponsoring the Eighth Annual International Risk Management Conference, to be held on 19-20 April 2012 in Almaty (Kazakhstan).Â
Tips for saving money on car insurance policy
If you are a car owner, you know that one of the most important documents you are required to possess apart from your driver's license is a valid car insurance…
Reinsurers to cap on liability claim for disasters
The global reinsurers are thinking to impose a limit on the maximum liability that non-life insurers can claim for a catastrophe as a result of huge claims from natural calamities…
Top executives need cover as risk is greater in a globalised world
With the growing risk of legal liabilities arising from shareholder and other stakeholder claims, including potential class action suits, managements of Indian companies are exposed to many adversities.
Life Insurance must do some introspection for industry’s sustainable growth
The sustainability and profitable growth of any industry hinges on the value proposition that it offers to customers as well as the needs of customers it addresses. One must bear…