Insurance and Islam
1. Introduction The validity of the transaction of insurance in Islam has been much talked of from time to time. It is said that it is illegal because the element…
Current competitive era of non-life insurance market heading towards chaos and confusion
Now the Non-life insurance sector have almost completed about seven years since privatization of insurance. The non-life insurance market is passing through a serious crisis due to stiff competition.
Fraud in motor and health insurance global perspective : Indian Approach
Global Perspective of General Insurance Fraud: General insurance fraud is undergoing a sea change in its character. It is no more confined to the domain of white-collar crime, but
Bimafest
It appears, celebration time is here for non-life insurers. One can see mega discount sale being organized by various insurers! Surely, the idea of "garage sale" cannot work for insurance…
Importance of documents in Marine Hull claims
From the age of Lloyds, who have introduced Marine branch as one of the branches of General Insurance Business, most of the Insurers do not prefer to underwrite Marine Hull…
Motor Third Party Fraud Claims – How to counter losses
1. Many news are making headlines regarding motor third party claim like "Insurance companies are bleeding as far as motor T.P. claims are concerned, companies are paying interest in lakhs…
Saving the Economy with Salvage
What would you do with your business if you had fewer budgetary restrictions and concerns and had more money? Would you expand your advertising platform ad methods to gain new…
Whether risk management has taken a back seat admits 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.
Need for law of insurance in globalised world
The trade and commerce across the world has expanded due to economies of scales in the present world. The export and import of goods and services among various countries are…
The safeguards against business process re-engineering processes considering its success & failure factors
1. Business process reengineering: There a number of definitions of business process reengineering (BPR). Klein and Manganelli in their book "The Reengineering Handbook" defines it as the "Rapid and radical…