Is Actual ignition requisite for a spontaneous combustion loss?
Spontaneous Combustion is nitpicky issue in Fire insurance. It is a matter of great concern for industries that deal with substances that are prone to spontaneous combustion like
Natural Catastrophes in 2010
Several major catastrophes in 2010 resulted in substantial losses and an exceptionally high number of fatalities. The overall picture last year was dominated by an accumulation of severe earthquakes to…
Capital Consumption: An Alternative Methodology for Pricing Reinsurance
This paper introduces a capital consumption methodology for the price evaluation of reinsurance in a stochastic environment. It differs from the common practice of risk-based capital allocation and release by:…
A Risk Managers Guide to Reinsurance Cut-Throughs Questions
A valid cut-through provision allows an individual or entity that is not a party to the contract with the reinsurer (i.e., the insuredemployer) to have direct rights against the reinsurer…
Claims Management in General Insurance – Issues & Concerns
Underwriting and claims settlement are the two most important aspect of the functioning of an insurance company. Out of any insurance contract, the customer has the following expectations:
How to Develop a Risk Management Plan
Developing an effective Risk Management Plan is an important part of any project. Unfortunately, this step is often avoided with the "deal with it later" attitude.
How to Develop a Risk Management Plan
Developing an effective Risk Management Plan is an important part of any project. Unfortunately, this step is often avoided with the "deal with it
The Essential Guide to Reinsurance
The Essential Guide to Reinsurance has been published by Swiss Re. The Guide will be very useful to understand the working of Reinsurance practice and help you to get useful…
CHALLENGES AND OPPORTUNITIES FOR INDIAN MOTOR THIRD PARTY INSURANCE POOL
INTRODUCTION Indian Motor Third Party Insurance Pool (IMTPIP) has been set up by all General Insurers in India to collectively service Commercial Vehicle Third Party Insurance business. Insurance Regulatory and…
Regulatory issues in insurance
While the insurance industry weathered the financial crisis relatively well, acting as a source of stability in the global financial system, the turmoil exposed flaws in the way insurers are…