Spotlight
Royal Sundaram Alliance Insurance Company Limited
-- Kamatla Sheeba
Royal Sundaram Alliance Insurance
Company Limited is a joint venture between Sundaram Finance and Royal
& SunAlliance Insurance Group plc, UK. Sundaram Finance holds 74% stake in
the venture while RSA Group holds 26%. The company received license to operate in
India from the Insurance Regulatory and Development Authority on October 23, 2000.
© 2009 IUP. All Rights Reserved.
Cover Story
The Catastrophe Bond Markets
-- Jayshree Bose
Hurricane Katrina (2005) rewrote the rules of catastrophe-linked insurance game thoroughly,
galvanizing the market truly into action for the first time in 2006. And although the activity characterizing the
market has still not reached significant-enough proportions, what is really important is that the trends on
various parameters that were seen first in 2006 and replicated in 2007, sent distinct signals about the future
growth of the market as a resourceful alternative risk transfer mechanism. This is an insight into CAT bond
market activity and significant current trends and what they imply for the future.
© 2009 IUP. All Rights Reserved.
Non-life Insurance
Non-life Insurance Market in India: Taming the Turbulence
-- GV Rao
The performance metrics of the non-life insurers at the end of the third quarter of 2008-09 shows that
their performance has significantly dropped in all the portfolios. Detariffication coupled with economic
downturn and worsening stock market conditions has put insurers under a grave threat of breaking even in 2008-09. The article urges the insurers to make plans to stem the worsening tide.
© 2009 IUP. All Rights Reserved.
Non-life Insurance
Future Shock: The Subprime Crisis and Property/Casualty Insurers
-- Chris Nelson
While most P/C insurers ducked serious losses this time, all will feel the effect as a reeling financial services sector struggles to recover its equilibrium.
© 2008 American Academy of Actuaries. This article was first published in the Mar/Apr 2009 issue of the
Contigencies Magazine. Reprinted with permission.
Non-life Insurance
Subguard Insurance: A Risk Management Option
-- Joseph J Bosick
A cost-effective alternative to subcontractor surety bonds, Subguard Insurance can be advantageous to
the General Contractor, the Project Owner, and the Subcontractor. The General Contractor is indemnified
for resulting direct and indirect costs. The Project Owner gains from the available funding. There are
also benefits for the Subcontractor. The need for a surety bond as well as an indemnity agreement or
personal guarantee from the Subcontractor is eliminated.
© 2009 Joseph J Bosick. All Rights Reserved.
Life Insurance
Relevance of ULIPs as a Good Investment Tool
-- Karuna K
Unit Linked Insurance Plans (ULIPs) have been there in India since 1971. But after the opening of
the insurance sector, the policy has gained special importance as it combines the multi aspects of
insurance, investment and tax benefits. ULIP is one of the most preferred instruments available in the Indian
market especially because of the volatility of the Indian stock market. It is observed that ULIP will continue to be
a good investment option to the investors even in a plunging stock market scenario.
© 2009 IUP. All Rights Reserved.
Risk and Insurance
Risk Management Solutions for Customers: Detariffing Sets the Tone
-- Sanjay Kedia
Instead of relying on insurance entirely, corporates would do better to adopt an approach of Risk
Retention, Risk Minimization and Risk Transfer; which is bound to prove less expensive and more value-generating
for them.
© 2008 IRDA Journal. This article was first published in the February 2009 issue of
IRDA Journal. Reprinted with permission.
Risk and Insurance
Sea Change vs. Hot Air
-- Antony Woodhouse and Amber Mills
A review of the current regulatory framework and the insurance industry's response to climate change.
How insurers are responding to climate change and improving their disaster resilience.
© 2009 Risk and Insurance Management Society, Inc. All Rights Reserved. This article was first published in the March 2009 issue of
Risk Management Magazine. Reprinted with permission.
Business Environment
The End of Insurance?
-- Michael J Moody
Insurance Information Institute warns industry to beware of `mega-trends'.
© 2008 Rough Notes (www.roughnotes.com). This article was first published in the March 2009 issue of
Rough Notes. Reprinted with permission.
Business Environment
Insurance Fraud
-- Barry Zalma
Next to tax fraud, insurance fraud is the most practiced crime in the world. It is perpetrated by members
of every race, religion, and nationality, and is found in every profession.
© 2008 International Risk Management Institute, Inc. (www.IRMI.com). This article was first published in the January 2009 issue
of IRMI.com. Reprinted with permission of the publisher from the Expert Commentary Section of www.IRMI.com |