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COVER STORY
Shopassurance : New Kid on the Block
-- TS Ramakrishna Rao and Samuel B Shekar
Shopassurance is an example of a dedicated over-the-counter channel through which insurance products are being sold employing the existing business networks. The introduction of such a new channel in a developing insurance market like ours is not without challenge. The article discusses in detail the prospects and challenges for adopting the shopassurance model in India.
© 2008 IUP . All Rights Reserved
HEALTH INSURANCE
Indian Health Insurance League : A Pitch to Cover
-- Dr. S Jayaprakash
The Indian health insurance industry is witnessing an important era. While earlier only non-life insurance companies were offering health insurance policies, now life insurance and stand-alone insurance companies have also joined the bandwagon. There is also stress on the banking and government sectors to support the same. While everybody is pitching for health cover, this article attempts to analyze the issues that crop up.
©2008 IUP . All Rights Reserved
BUSINESS STRATEGY
Non-Life Insurers and Corporate Governance
-- GV Rao
The knowledge and governing capabilities of the Boards of Directors of most non-life insurers (in the detariffed scenario) not meeting the high governance standards expected by the Insurance Regulatory and Development Authority (IRDA) hamper the desirable growth in the industry. With more insurance players flooding the market, such governance issues are likely to get more serious.
©2008 IUP . All Rights Reserved
RISK & INSURANCE
Troubled Terminology
-- Donald S Malecki
"Risks of direct physical loss" wording in the policies is interpreted differently by the insurer and insured. It is time to avoid reference to this wording in the policy.
© 2008 Rough Notes (www.roughnotes.com). This article was first published in the June 2008 issue of Rough Notes. Reprinted with permission.
RISK & INSURANCE
Proactive Management of Asbestos Liabilities
-- Sandra Santomenno, Steven Lin and Kate O 'Reilly
New tools are becoming available to help asbestos defendants and insurers proactively manage their asbestos liabilities in a changing litigation environment.
© 2008 Towers Perrin. This article was first published in the January issue of Towers Perrin Emphasis magazine. Reprinted with permission in its entirety.
RISK & INSURANCE
Insurance in Film Noir
-- Daniel D Skwire
In many film noir classics, insurance is the motivating force for both good and evil.
© 2008 American Academy of Actuaries. This article was first published in the May/June 2008 issue of the Contingencies Magazine. Reprinted with permission.
BUSINESS ENVIRONMENT
Subprime Fallout : Insurance Coverage Battles
-- Andrew M Reidy
As the meltdown continues, insurance disputes may become the next battlefield.
© 2008 Risk and Insurance Management Society, Inc. All Rights Reserved. This article was first published in the June 2008 issue of Risk Management Magazine. Reprinted with permission.
BUSINESS ENVIRONMENT
Post-Katrina Turmoil : Insurance Challenges
-- Robin Olson
Legal battles continue in the wind-versus-water debate arising from Hurricanes Katrina and Rita losses in 2005. In reviewing several lawsuits arising from these catastrophic events, the debate often boils down to the question: "What exactly is a flood?"
© 2008 International Risk Management Institute, Inc. (www.IRMI.com). This article was first published in the May 2008 issue of IRMI.com. Reprinted with permission of the publisher from the Expert Commentary Section of www.IRMI.com
INSURANCE OPERATIONS
Changing Priorities in a Dynamic World : ALM for Insurers
-- Arup Chatterjee
Asset liability management is not a simple theory that can be learnt overnight. It involves a comprehensive study of several global factors that are ever-changing; and have to be reviewed from time to time.
© 2008 IRDA Journal. This article was first published in the May 2008 issue of IRDA Journal. Reprinted with permission.
SPOTLIGHT
Shriram Life Insurance Co. Ltd.
-- Kamatla Sheeba
© 2008 IUP . All Rights Reserved
CASE STUDY
Customer Perceptions on Life Insurance Services : A Comparative Study of Public and Private Sectors
-- Dr. GS Gireesh Kumar and Eldhose KV
The insurance industry landscape in India has dramatically changed. New delivery channelsbancassurance, corporate agents, brokers, MFIs, post offices, SHGs and direct selling through Internethave totally revolutionalized the process of insurance selling. An attempt is made to compare the knowledge level of insurance products, service quality and problems confronted by the customers across public and private sectors.
©2008 IUP . All Rights Reserved
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