India Motor Third Party Insurance Pool (IMTPIP)
With effect from 1st January, 2007, tariffs were withdrawn from the non-life insurance market.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 – A catalyst in the process of liberalisation of general insurance in India
Marine Insurance is the oldest form of insurance originating from England. This was originated when merchants from different parts of
Insurance and Reinsurance of Terrorism Risk
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…
General Insurance Policy Wordings: Issues & Concerns in Liberalized De-tariff Regime
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,…
The essential guide to reinsurance: Solutions to 21st century challenges
In this in-depth guide, Swiss Re introduces the concepts of reinsurance and highlights the essential function reinsurance has in enabling progress and contributing to the stability of the economy and…
Whether risk management has taken a back seat admist stiff competition?
Risk management, a terminology, not an integral tool of Non-life insurers, but a global phenomenon to be adopted, accepted and followed by all and sundry.
INNOVATIONS IN HEALTH INSURANCE
We as Indians spend about 80 per cent of all health expenditure in the country from our personal resources. Hence the importance of adequate planning for health contingencies cannot be…
Necessity of training for the General Insurance Agents
Having put in service of more than 4 decades in the insurance industry, I had been seeing that among the insurance agents some procuring business were illiterate, some did not…
Preparation of Marine Cargo Policies
It is generally observed that most of the marine policies issued are defective. The areas where the mistakes are being committed are in attaching the clauses.
Under Insurance aspect with respect to Marine Cargo Policies Is sum insured average applicable to Marine Cargo Policies
Though Marine Cargo Policies are in principle devised on agreed valued basis, in policies covering especially second hand Machinery under Marine Policies, under Insurance or sum Insured average is quite…