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SPOTLIGHT
Cholamandalam MS General Insurance Company Limited
-- Kamatla Sheeba
© 2010 IUP. All Rights Reserved.
COVER STORY
Terrorism Insurance: A Global Perspective
-- G V Rao
Due to certain geo-political factors, the Indian economy and people are quite vulnerable to terrorist attacks. The availability of insurance capacity for coverage of terrorism, and its cost are high. The government is hardly doing anything to get involved in acting as the reinsurer of the last resort unlike many other countries, including Israel. Neither the insurers, nor the bankers, IRDA and the consumers seem much concerned. This article gives a global perspective of what is happening around the world and urges the government to take a new lead and act more responsibly.
© 2010 IUP. All Rights Reserved.
INSURANCE MARKETING
Bancassurance: Time to Change Tack
-- B Balaji Sathya Narayanan
Bancassurers revolutionized the industry when they successfully segmented the market, resulting in tailor-made insurance plans for each customer segment. This article focuses on the issues related to bancassurance and how IRDA is attempting to address the same.
© 2010 IUP. All Rights Reserved.
NON-LIFE INSURANCE
Warehouse Risk: Handle with Care
-- Avinash Singaraju
Efficient management of a warehouse is an essential part of the overall risk management process for a corporate entity; and needs to be put on par with the other risk management strategies. Warehouses contain potential hazards that have to be managed efficiently and effectively.
© 2008 IRDA Journal. This article was first published in the Sep-Oct 2009 issue of IRDA Journal. Reprinted with permission.
NON-LIFE INSURANCE
General Insurance in India: Present Status
-- Raju G
New private general insurers, in collaboration with large global insurers, started joint ventures in India. Consequently, a significant increase is observed in the general insurance business in India in terms of number of new policies and premiums. The growth is very significant in the case of private players. The segment-wise analysis reveals that the health insurance sector has recorded a remarkable improvement as compared to other sectors. The level of penetration of general insurance, however, is showing a downturn and is far below the world average.
© 2010 IUP. All Rights Reserved.
LIFE INSURANCE
Operational Performance of Lic of India: Post Liberalization Scenario
-- MVS Srinivasa Rao
The recorded history of insurance business in India began in 1914, when the Government of India started publishing returns of insurance companies. The performance of LIC over the last decade has reflected its ability to withstand the challenges in the new market scenario. This article aims at analyzing the operational performance of LIC in the period after the liberalization of the insurance sector in India.
© 2010 IUP. All Rights Reserved.
MICROINSURANCE
Microinsurance The Indian and Bangladesh Experience
-- Suja Karthika
With the emerging markets contributing less than 9% of the world's premiums, these countries have an enormous opportunity to profitably employ microinsurance as a vehicle to bridge this gap. In this article, the common challenges faced and the potential for microinsurance in the emerging markets, especially India and Bangladesh are highlighted. The business channels and the current setting are examined, as also the different approaches in health microinsurance in India and Bangladesh.
© 2010 IUP. All Rights Reserved.
RISK AND INSURANCE
A Second Look at Credit Default Swaps
-- Chris Nelson
They have been called financial weapons of mass destruction. Should they be regulated as a form of insurance?
© 2008 American Academy of Actuaries. This article was first published in the Nov/Dec 2009 issue of the Contingencies Magazine. Reprinted with permission.
RISK AND INSURANCE
Insurers Should Not Try to be Lawyers
-- Donald S Malecki
Be on the lookout for insurers meddling in the contracts between contractors and subcontractors.
© 2008 Rough Notes (www.roughnotes.com). This article was first published in the December 2009 issue of Rough Notes. Reprinted with permission.
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