COVER STORY
Training for Competence Building in Insurance
- - TS Rama Krishna Rao and U Jawaharlal
The need for having a well-trained workforce is enormous in a competitive environment. In a domain where changes take place at a fast pace, keeping abreast of the developments from time to time is vital. In some areas of insurance business particularly Information Technology, Claims Management etc., the insurers need to focus on training their staff on a regular basis.
© IUP. All Rights Reserved
COVER STORY
Training and Education for General Insurance Industry - - VK Sarma
Indian insurance industry, to keep pace with the growing market, is looking for expertise in the employees. In this situation, training and educational needs of the employees become even more critical. The author analyzes the current scenario with an eye on future need of training in the industry.
© IUP. All Rights Reserved
NON-LIFE INSURANCE
Third Party Liability Insurance: A Hole in the Pie
- - NVVS Swamy, S Subramanian and Shruti Shaha
Third party liability insurance, introduced for smooth functioning of the insurance industry, is indeed becoming a major hurdle in the profit growth of the non-life insurance industry. The situation should be considered seriously before it affects the industry very adversely.
© IUP. All Rights Reserved
PENSIONS AND ANNUITY
Old Age Security – Issues at Stake - - Krishna Phani
During the second half of the previous century, unprecedented changes and cataclysmic upheavals have come about in our lives on account of technological innovations and a paradigm shift in our thinking related to social sciences, economics and management sciences, the consequences of which are being slowly realized now. The problem of old age security is a direct fallout of those changes. The author analyzes these situations here.
© IUP. All Rights Reserved
PENSIONS AND ANNUITY
Pensions: Work Till You Drop? - - David Fairs
The days of being able to rely completely on your employer for a full retirement pension have gone. These days, the employees on their own have to take the extra burden to make their retired future as secure as their current living standards.
© The Chartered Insurance Institute 2004 (www.cii.co.uk). Reprinted with permission.
BUSINESS ENVIRONMENT
Now What! A Look Back at Lessons Learned from the 1990s
- - Kevin H Kelley
The property/casualty business is a very tough business. While every business has its challenges, the property/casualty business has some unique characteristics that make performance over time very difficult. These challenges are detailed in this article.
© Insurance Journal (www.insurancejournal.com). Reprinted with permission.
BUSINESS ENVIRONMENT
The Insurance Market in Central and Eastern Europe Accession Countries
- - Paul Cunningham and Juris Lapshe
On the eve of the accession of eight Central and Eastern European countries to the EU, this article provides a brief overview of the present status of the insurance markets in those countries and outlines a view on their future prospects.
© 2004 PricewaterhouseCoopers (www.pwcglobal.com). Reprinted with permission.
INSURANCE MARKETING
An Evaluation of Distribution Channels in Life Insurance: Agents vs. Bancassurance
- - Mekala Mary Selwyn
Insurance industry in India is witnessing rapid growth. Players are adopting different strategies for the changing environment and growing competition. Evolution of different distribution channels is the focus. This article examines different prospects of distribution channels.
© IUP. All Rights Reserved
TECHNOLOGY
Managing Cyber Risk - - Tammy J McInturff
Security threats keep growing, making it difficult for companies to keep pace with the ever-increasing risks. While these companies might prefer to avoid IT security and privacy risks altogether, that’s extremely difficult, if not impossible.
© Reprinted from LOMA’s Resource Magazine, May 2004 issue.
COUNTRY PROFILE
Thailand: Rising High With its Own Steam- -
Aside from getting the Thai insurers to be more competitive and ready to take on the challenge of more reforms and liberalization under the Asian Free Trade Agreement and the forthcoming New Round, the Thai Government is taking every possible step to make the industry at par with international standards.
© Asia Insurance Review (www.asiainsurancereview.com). Reprinted with permission.
ALTERNATIVE TRANSFER
Medical Malpractice and Alternative Risk: Not What the Doctor Ordered?
- - Michael R Mead
With the current malpractice coverage void, captives and risk retention groups may seem the ideal solution. However, their formation and management are not for the shortsighted. Initiators need to enter these facilities knowing they’re in for the long haul.
© 2004 www.irmi.com. Reprinted with permission.
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