November 2019

Principles of Insurance Insurance:It may be described as a social device to reduce or eliminate risk of life and property. Under the plan of insurance, a large number of people…

International Maritime Organisation (IMO) adopted two resolutions in November, 2003 on the issue of   “ Places  of Refuge “ for  ships in distress.  When  any ship is in distress condition…

Introduction: Global Direct Insurance Premium for 2018 is estimated as under- Life: USD 2820 Billion                   USD 5193 Non-Life: USD 2373 Billion            Billion Reinsurance Premiums according to Reinsurance Treaty Programs of…