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

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