NUTS & BOLTS OF NON-LIFE INSURANCE

ABOUT THE BOOK

This book covers chapters highlighting the various burning issues of Non life insurance industry. The author has covered almost most of the issues pertaining to the general insurance industry with a thorough analysis of the current scenario and  future trends. The readers would be able to get an practical overview of the entire industry practices. The author of the book Mr. Jagendra Rana is an insurance veteran with a versatile experience of General and Life Insurance. He has been a CEO of Pearl Insurance Brokers and Corporate head of training at Shriram General Insurance Co. Ltd. He carries with him 40 years of experience in the Insurance Industry at various top positions.

More than 500 write-ups of Mr. Jagendra Rana have been published in various Journals of National and International repute. He was conferred with the S.K.Desai Memmoral Award for his Research Paper by Insurance Institute of India, Mumbai. He was also a resource person in the International Seminar on Insurance Frauds conducted by Osmaniya University, Hyderabad.

Jagendra Rana is Counsellor for a US Firm extending consultations on Insurance, Reinsurance, Intermediaries, e-business and the developments taking place on the insurance horizon.


PROFILE OF THE AUTHOR:

Jagendra Rana is an insurance veteran with a versatile experience of General and Life Insurance. He has been a CEO of Pearl Insurance Brokers and Corporate head of training at Shriram General Insurance Co. Ltd. He carries with him 40 years of experience in the Insurance Industry at various top positions.

More than 500 write-ups of Mr. Jagendra Rana have been published in various Journals of National and International repute. He was conferred with the S.K.Desai Memmoral Award for his Research Paper by Insurance Institute of India, Mumbai. He was also a resource person in the International Seminar on Insurance Frauds conducted by Osmaniya University, Hyderabad.

Jagendra Rana is Counsellor for a US Firm extending consultations on Insurance, Reinsurance, Intermediaries, e-business and the developments taking place on the insurance horizon.


Important topics covered in the book

Content

1          Indian Insurance Industry on an upward trajectory

2          Insurance Industry is plagued with low awareness level

3          Keeping Insurance Policy in Digital Format

4          Licensed Insurance Distribution Channels in India

5          Rural Insurance: Focus on Non-Agriculture Sector

6          The ease of getting information in India

7          Scattered presence of Insurance Brokers

8          Road Accidents have serious Financial Implications

9          Indian General Insurers and their Underwriting Losses

10        Profitability takes a massive hit in Non-life insurance industry

11        Paid-up capital of General Insurers

12        Insurance e-commerce activities in Insurance Self Network platform

13        Application of Telematics in Motor Insurance

14        Everyone is responsible for Cyber Risk Management

15        Experimental evaluation of Health Insurance Products

16        Frequency & Severity of Earthquake risk in India

17        Future outlook of Motor Insurance in India

18        Incurred claim ratio of Indian General Insurers

19        Liability remains a hazy concept in India

20        Suitable General Insurance covers are necessary for every family

21        Surveyors’ profession has greatly transformed over the years.

22        The growing demand of Wedding Insurance in India

23        The Indian Market Terrorism Risk Insurance Pool

24        Insurance Disclaimers need to be easy & Simple

25        Knock-for-knock agreement is not mandated

26        Offshore business at “GIFT IFSC” BY Indian & Foreign Insurers

27        Predicting Catastrophes is hard and controlling them is still harder

28        Ten salient Features of Health Insurance, You must know

29        ‘ARAI’  to set up  e-mobility centre of excellence

30        Exclusions are more important than the coverage of insurance policy

31        How Motor Add-on covers work?

32        Improvement in the level of efficiency in the conduct of ins. Business

33        Growth of non-life insurance premium underwritten outside India

34        Health Insurance in India needs a Policy push

35        How Loss Prevention Association fared on Safety Standards?

36        Insurance sector has immense potential for consolidation

37        Is insurance Industry on the cusp of a Fiscal Revolution

38        Instant Relief to Road Accident Victims

39        Prospect of Insurance Growth in India

40        The Consultative role of Health Insurance Forum

41        Turning Claims around fast is not easy

42        The Changing Role of Insurers in doing business

43        Insurance need is Vertical as well as Horizontal

44        Will “Ayushman Bharat” be a Game Changer

45        Insurance IPO Market is vibrant in India

46        Insurers can’t outsource Core Activities

47        Investment Income is different to the Underwriting Income

48        Performance Evaluation of Pradhan Mantri Fasal Bima Yojna

49        Risk Based Capital Norms to enhance Protection of Policyholders

50        Uninsured losses costs India billions every year

51        Why Insurance Industry of India is lagging behind?

52        A buoyant Private Sector versus ascendant Public Sector

53        Concept of Entry Age based pricing in Health Insurance

54        CSC-A low cost Distribution Channel of Insurance Products

55        The Crop Insurance takes Centre Stage

56        Point of Sale Persons are not Capital Intensive

57        Indian Insurance Industry is profoundly over regulated

58        Future of the Telematics in Motor Insurance Segment

59        How Banks in India dare mis-selling Insurance products?

60        How to make a claim under Motor Insurance?

61        “Know Your Customer” Procedure for Financial Institutions

62        Create a Road Safety Fund for Road Accident Victims

63        Insurance Industry needs greater participation of Web Aggregators

64        Information and Cyber Security for Indian Insurers

65        Unawareness is the Biggest Challenge for Insurance Industry

66        Government could explore making Health Ins. Coverage mandatory

67        Digitization will remain a Buzzword for the Non-life Insurance Industry

68        Health Insurance is a “Must Have” Policy for every citizen

69        e-Commerce is an effective medium to increase insurance penetration

70        Insurance for Common Man is still a challenge in India

71        Promotion of Official Language in the Insurance Industry

72        The Doctrine of Sovereign Immunity has no application in motor
accident claim

73        Why Health Insurance remains so neglected in India

74        You can’t earn Profit from your insured loss

75        The Jurisdiction of Right to Information Act

76        Pouring resources into Upgrading Employee Productivity

77        Is Insurance Ombudsman System Too good to fail

78        Electronic Transaction Administration and Settlement System

79        Appointed Actuary/Mentor System in Insurance Industry

80        AFIR-A Regional  Cooperation Mechanism

81        Insurance Customers are most tolerant in India

82        Professional Surveyor is a link between insurer and the insured

83        Exclusionary Clauses of Health insurance contracts

84        Swiftly Mounting Cyber Insurance Market of India

85        Underwriting surplus is must for long-term survival

86        Intense Competition is driving insurers to more niche areas

87        Why Insurance intermediaries fail to renew their Licences

88        How Insurance Brokers Violate the IRDAI Regulations

89        Risk Based Capital Norms will reflect true financial condition of insurer

90        Before buying Insurance, Make sure that the risk is insurable

91        “ICR” is a fine yardstick to measure the performance


Buy Now