Insurance industry assets to touch Rs 30 lakh cr in 5 yrs: IRDA
The size of funds managed by insurers in the country is expected to reach a whopping level of Rs 30,00,000 crore over the next five years, marking a 70 per…
Budget 2013: Make insurance industry attractive for both policy & shareholders, says Rajesh Sud, Max Life Insurance
Expressing concern over the numerous problems faced by the life insurance market, Rajesh Sud, CEO and Managing Director, Max Life Insurance has emphasised the need for budget 2013 to make…
Keep insurance products simple, avoid mis-selling: Chidambaram
The insurance industry can make rapid strides in India if insurers sell only simple products and avoid mis-selling, Finance Minister, P. Chidambaram said after unveiling a new brand — ‘PNB…
Insurance…. A need or a formality
Introduction: The insurance industry in India witnessed a paradigm shift during the year 2000- 2001. Since 1973, the non-life insurance industry was dominated by the four nationalised insurance companies. Privatisation…
Look who is afraid of insurance products?
Globally, Indian consumers are known to be smart buyers — often called ‘value seekers’ by marketers. Indians are always looking for the best deal and to maximise perceived price-value output.…
Insurance News: Finance Ministry, insurance sector mull catastrophe pool
Cyclone Nilam has brought the insurance industry and the finance ministry closer on an agreement to set up an exclusive catastrophe pool to cover the losses that occur in natural…
General Insurance Article: Anatomy of Customer Grievance in Insurance industry
Grievance is a communicated or in communicated umbrage at an imaginary or real injustice, giving rise to cause for complaint. Grievance is thus anger against a perceived wrong or wrong…
Governments playing a greater role in insurance industry
More and more governments are leveraging private insurance skills and the growing capacity of the sector to cover catastrophe losses as well as a wide range of other risks, Swiss…
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…
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…