SPOTLIGHT
Birla Sun Life Insurance Company
- - G Vasavi
Birla Sun Life Insurance (BSLI) is a collaboration of the US$6.0 bn Aditya Birla Group and the US$16.7 bn Sun Life Financial of Canada. The group brings together global and Indian expertise into the realm of financial services.
© 2006 IUP . All Rights Reserved
CASE STUDY
Socioeconomic Factors Influencing the Decision in Taking Life Insurance Policies
- - N Namasivayam, S Ganesan and S Rajendran
Socioeconomic factors such as age, education, income, occupation, sex and family size of the policy holders play a major role in deciding the purchase of life insurance policies of LIC. The study is conducted with reference to the policyholders in Madurai, Tamil Nadu.
© 2006 IUP . All Rights Reserved
COVER STORY
The Risks of Insuring the 2006 FIFA World Cup
- - T S Rama Krishna Rao
The 2006 FIFA World Cup is a mega event. Billions of euros are at stake. The event will be watched by millions of people all over the world. Being such a high profile event it throws a myriad of risks. Right from the world cup soccer trophy made of solid 18 carat gold to an incident such as a carelessly installed flood light falling and injuring a player, has to be insured. The risks involved could be disruption, cancelation, theft of the cup, personal accident to the ticket holder, liability, bad weather, infrastructure breakdown, hooliganism, threat of terrorism, etc. The article deals with the various risks and the steps taken by FIFA and the host country to insure these risks.
© 2006 IUP . All Rights Reserved
REGULATION
Non-life Solvency II : Decision Time Approaches
- - Richard Bulmer
The author outlines how Solvency II is developing for non-life insurers.
© 2006 Watson Wyatt Worldwide. Reprinted with permission.
REGULATION
Its Close Enough : Changing Insurance Accounting One Yawn a Time
- - Kevin P Hennosy
The NAIC seem poised to pressure states to accept a weaker system of banking-like "Supervision" in return for insurance industry support for a SOX like system of accounting.
© 2006 The Rough Notes Company. Reprinted with permission.
BUSINESS STRATEGY
The Rise and Rise of the Bermuda Captives
- - Jayshree Bose
It is almost a maxim that the "Bermuda Model" of captive insurance companies has always been imitated, but never paralleled. Can Bermuda continue to live up to this trailblazing reputation in the changing circumstances and in the teeth of the Cayman competition?
©2006 IUP . All Rights Reserved
BUSINESS ENVIRONMENT
Changing Game
- - K C Mishra
With an ever-increasing number of new challenges surfacing everyday, the article looks into the future of the insurance industry.
© 2006 Asia Insurance Post. Reprinted with permission.
CLAIMS MANAGEMENT
Fire Insurance Claims : Standardization of Procedures
- - V K Sarma
To a great extent claims management is technical and partly legal in nature. The article aims at achieving a certain level of standardization and uniformity in claims processing under Standard Fire and Special Perils (SFSP) policies.
© 2006 IUP . All Rights Reserved
INSURANCE MARKETING
Brand Building in Insurance : The LIC Story
- - Suresh Malodia
The net-savvy culture has become a global phenomenon. Nowadays the banks and financial institutions are in our pockets and they are quietly completing complex transactions round the clock. Today, financial services are growing at a rate beyond the imagination of any financial expert. The financial services are playing an increasingly larger role, both in the overall economy as well as in the lives of consumers. "Branding" is the new challenge in the financial service industry. Brand Equitys most trusted brand survey of 2005 shows that out of 150 top brands of 2005 only seven brands are there for the financial services industry.
© 2006 IUP . All Rights Reserved
REINSURANCE
Insights - Life and Health Reinsurance : A Dynamic and Competitive Marketplace in the Asia-Pacific
- - Mark Prichard
In this article on the life market, the author shares findings of a consulting program based on a systematic, annual review of the competitive performance of Asias life and health reinsurers from the perspective of key decision makers. The program analyzes the relationship between these decision makers perceptions of the relative "business quality" of reinsurers and their consequent behaviorsspecifically around the placement of reinsurance business.
© 2006 Asia Insurance Review. Reprinted with permission.
TECHNOLOGY
The Information Experts
- - Rob Gow
Claim professionals should consider using third-party information specialists when seeking out new claims technology.
© 2006 Canadian Underwriter (www.canadianunderwriter.ca). Reprinted with permission.
LIABILITY INSURANCE
D&O Liability Premiums Fall for Second Straight Year
- - Andrea Ortega-Wells
Premiums overall have been going down the last couple of years at a decreasing rate. Though premiums have continued to decline all other factors driving insurers D&O costs are on the rise. D&O liability is a very high severity low frequency line.
© 2006 Insurance Journal (www.insurancejournal.com). Reprinted with permission.
NON-LIFE INSURANCE
Insuring the Home-based Business
- - Robin Olson
The United States has experienced a rapid growth in home-based businesses during the last decade. The latest studies indicate that there are over 11 million home-based businesses in the country, a figure that is expected to rise in the coming years. A recent survey, however, found that a majority of these businesses do not have proper insurance coverage.
© 2006 International Risk Management Institute, Inc. Reprinted with permission. |
