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.
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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