COVER STORY
Progress in Biotechnology: Challenge for Insurers? - - Mark Cantley
In this article extracted from the Geneva Papers on Risk and Insurance, Mark Cantley, Adviser, Directorate E-Biotechnology, Agriculture and Food, European Commission, Brussels, looks at the area of new and emerging risk veering towards a `yes and no'.
© 2004 Asia Insurance Review (www.asiainsurancereview.com). Originally published as Geneva Association: "Is the Progress and Application of New Knowledge in the Life Sciences and Biotechnology an Uninsurable Risk?". Reprinted with permission.
HEALTH INSURANCE
TPAs in India: Can they be Turning Point Administrators?
- - S Ganesan and S Jayaprakash
India has a very poor health insurance penetration. Even liberalization of the Insurance Industry has failed to attract a single specialized health insurer till now. The concept of TPAs and cashless hospitalization coverage was introduced after liberalization with an aim to create a turning point in health insurance. But there are many stumbling blocks to create such a turning point. This paper aims to discuss about the same.
© 2005 IUP. All Rights Reserved
HEALTH INSURANCE
Insights on the Long-Term Care Insurance Industry- - Brian D Baetz
The article discusses Long-Term Care Insurance (LTCI) trends and touches on insurance company pricing, profitability, experience, consumer issues, the evolution of LTCI policies, taxation issues, policy features, and more. It also focuses on LTCI and executive benefit planning for more than 10 years.
© 2004 Pfingsten Publishing, LLC. This article originally appeared in LIFE INSURANCE SELLING, December 2004 and is reprinted with permission.
HEALTH INSURANCE
Standalone Health Insurance Companies: Problems and Prospects
- - V K Sarma
Standalone health insurance company is a solution which IRDA is contemplating for the spread of health insurance. But will it be able to deliver the required and expected results? Any insurance company can only provide financial resources at a cost. Problems surrounding healthcare services are more complex since different stakeholders can appreciate only their personal interests. Unless they develop an integrated perspective and take a long-term view of the issue involved, there will not be any satisfactory solution for this problem.
© 2005 IUP. All Rights Reserved
BUSINESS ENVIRONMENT
The Lloyd's of London - - Sankersan Sarkar
The origin of Lloyd's of London can be traced back to a coffee house, which was started by Edward Lloyd during the 17th century in London. Gradually it developed from a mere coffee house into an important source of information for the businessmen undertaking maritime trade. In course of time, Lloyd's took shape as a result of the initiatives of several underwriters and the sphere of activities expanded, which led to the formation of Lloyd's as we know it today. Today, it is the biggest insurance market known all over the world. This article describes the historical evolution of Lloyd's. It also briefly explains the present structure of Lloyd's.
© 2005 IUP. All Rights Reserved
BUSINESS ENVIRONMENT
Steps to Success: Industry Leaders Share Examples - - Stephen Hall
Ever wanted to know how some of the leaders of the industry got to where they are today? What advice would they give you? What pitfalls would they tell you to avoid? Four LOMA board members recently participated in a panel discussion at LOMA's 2004 Annual Conference and Conferment, in which they looked back on their respective career paths and the lessons learned along the way.
© 2004 Reprinted by permission from LOMA's Resource Magazine, December 2004. Visit the LOMA Website at www.loma.org.
INSURANCE OPERATIONS
Overcoming the Residential Valuation Challenge - - Klaas Westera
Recent studies have brought the Canadian property insurance industry to one of its biggest challenges in modern historythe knowledge that the majority of its residential property policies are underinsured by significant amounts. And although the need for immediate action is obvious, concerns within the industry about how to go about it are understandably present. The urgency of addressing this industry-wide issue demands that we all move forward and that we do so quickly.
© 2004 Business Information Group (www.canadianunderwriter.ca). Reprinted with permission.
MANAGEMENT
In Search of Consumer Allies - - Richard Ostuw and Martha B Terry
With health care costs still on the rise at a troubling rate, employers can do a lot more to enlist the support of employees by helping them make better choices.
© 2004 www.towersperrin.com. Published in Emphasis, 2004, No. 3. Reprinted with permission.
RISK AND INSURANCE
Terrorism Modeling: Preparing the Worst-Case Scenario
- - John Tedeschi, Krista Ann Lienau, and Peter Cheesman
The events of September 11 changed the map of risk forever. For the first time, insurers had to develop models for mass destruction caused not by the vagaries of nature, but by the malevolence of other human beings.
© American Academy of Actuaries. First appeared in November-December, 2004 issue of Contingencies published by the American Academy of Actuaries. Reprinted with permission.
RISK AND INSURANCE
Modern Masters of Fine Art Risk - - Steve Yahn
As margins shrink and the rivalry to write fine arts policies intensifies, specialty firms compete against industry insurance and brokerage giants. The prize: To handle collections belonging to museums, cultural institutions, non-profit organizations and high net worth individuals. As the price of art escalates and the risks increase, major insurers vie with new kinds of coverage and changing markets for a bigger slice of what can be a very lucrative business.
© 2004 Risk and Insurance (www.riskandinsurance.com). Reprinted with permission.
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