Knowledge & Research

      A consumer forum has held that the condition with regard to the time limit in intimating an insurance claim is not mandatory but directory.

      A private insurance company has been directed by the Delhi High Court to pay more than Rs 46 lakh to the family member of a goldsmith who…

The family members of a businessman, who died in an accident with a rashly driven tractor in 2009, have been awarded a compensation of over Rs 16 lakh by a…

With Static Analysis, each component of the insurer's operations were examined separately. Reserving actuaries produced reserve indications, and financial analysts estimated investment returns.

Dynamic Financial Analysis is nowadays gaining popularity across insurance sectors, replacing the traditional notions of surplus adequacy with sophisticated models of financial performance. It is being regularly used for reserving,…

A regional branch manager of National Insurance Company Limited has been booked for allegedly demanding bribe for passing a car insurance claim.

Failure of an insurance company to keep its client updated about the status of premium paid and later refusing to pay the final premium amount has proved dearer for it.…

Credibility theory is the adaptation of theoretical statistics to a variety of daily business problems.It illustrates the actuarial perspective.

There are several distinguishing attributes of actuarial science :

The  objective  of  the  reinsurance  accounting  is  to  record  the  business, control the funds and maintain proper books and records for the benefit and information  of  all  stakeholders  both  internal …