MetLife India Insurance Company Private Limited
was incorporated in India on April 11, 2001 as a joint
venture between MetLife International Holdings Inc.,
the Jammu and Kashmir Bank, M Pallonji and Co. Private
Limited and other private investors.
© 2008 IUP . All Rights Reserved
COVER
STORY
Insuring
Ideas
-- Robert W Fletcher
A
blueprint for insuring the intellectual property assets
of the growing knowledge-based economy.
© 2008 Risk and Insurance Management Society, Inc. All
Rights Reserved. This article was first published in
the October 2008 issue of Risk Management magazine.
Reprinted with permission.
INSURANCE
MARKETING
Marketing
Strategies of Non-Life Insurers and Their Current Limitations
-- A Lalitha
This
article analyzes the selling strategies that the non-life
insurers have followed, prior to the detariffication
of premium rates. The insurers had behaved, more as
retail sellers of insurance products than as marketers.
The insurance covers were pre-packaged and also carried
fixed price tags. The detariffication of rates has now
raised the bar significantly for insurers to justify
the premium rates they quote to customers in terms of
risk management expertise and loss control advices offered,
in addition to the scope of an insurance cover.
© 2008 IUP . All Rights Reserved
ART
ART
Market : Stability in a Sea of Financial Woes
-- Michael J Moody
Insurance-linked secruitizations are gaining in
popularity. There are no credit risk issues involved
with these products.
© 2008 Rough Notes (www.roughnotes.com). This article
was first published in the October 2008 issue of Rough
Notes. Reprinted with permission.
BUSINESS
ENVIRONMENT
Detariffication
and Non-Life Private Insurance Players
-- GV Rao
The
international financial markets are in turmoil. AIG,
the largest insurer is in deep trouble. The share prices
of major American life insurers are dropping steeply.
There is increasing nervousness, among the Indian policyholders
about the future direction of the Indian non-life insurance
markets. In 2007-08 the private players have made underwriting
losses of large magnitude. In fact, two insurers have
incurred net losses, after their investment incomes.
Do private insurance players have the required skill
and expertise to weather the stormy clouds gathering
on the Indian horizon in the detariffed scenario? This
article analyzes the past results and warns of the dangers
ahead.
© 2008 IUP . All Rights Reserved
HEALTH
INSURANCE
A
Study of Health Insurance Products of General Insurance
Companies
-- LP Gupta
Health
insurance is emerging as the most important tool for
the well-being of everyone in our country. With the
liberalization of the insurance sector, new health insurance
products are developed and marketed by the insurance
companies. However the new products that serve the various
requirements and needs of consumers in view of differing
coverages, conditions and exclusions of the policies
require to be examined by the prospective consumer before
purchasing an insurance policy.
© 2008 IUP . All Rights Reserved
HEALTH
INSURANCE
Promising
All Americans Good Value and Good Health
-- Barack Obama
What this country needs is a comprehensive health
strategy that builds on our current system's strengths,
while introducing interventions targeted at some of
the system's most significant shortcomings.
© 2008 American Academy of Actuaries. This article was
first published in the September/October 2008 issue
of the Contingencies magazine. Reprinted with permission.
RISK
AND INSURANCE
Micro
Insurance : An Approach to Serve the Poor
-- Ritu Sinha
Low-income
groups are invariably exposed to innumerable risks.
Micro insurance works on the phenomenon of risk transfer
mechanism characterized by low premiums and low coverage
limits. It is designed for low-income people not served
by typical social or commercial insurance schemes.
© 2008 IUP . All Rights Reserved
INSURANCE
OPERATIONS
AIG
Bailout : Was It Right?
-- D Satish
After allowing Lehman Bros to go bankrupt, it was
felt that it could be the beginning of the end of government-sponsored
company-specific bailouts in the US. But within 48 hours
of Lehman bankruptcy, the US government bailed out AIG,
one of the largest insurance players in the world, prompting
many to question this decision.
© 2008 IUP . All Rights Reserved
NON-LIFE
INSURANCE
Valuation
of Assets, Liabilities and Technical Provisions : General
Insurance
-- Karpagam Sankaranarayanan
Asset
liability management being a function of vital importance,
there must be preset standards across the globe that
would ensure that insurers are not constrained to face
hurdles in their functioning.
© 2008 IRDA Journal. This article was first published
in the August 2008 issue of IRDA Journal. Reprinted
with permission.
REINSURANCE
Where
Has Traditional Reinsurance Gone?
-- Larry P Schiffer
With
renewal rates down and a soft market seemingly upon
us, many reinsurers find themselves facing a challenging
environment in 2008 and beyond.
© 2008 International Risk Management Institute, Inc.
(www.IRMI.com). This article was first published in
the August 2008 issue of IRMI.com. Reprinted with permission
of the publisher from the Expert Commentary Section
of www.IRMI.com
