SPOTLIGHT
Metropolitan Life Insurance Company
- - G Vasavi
MetLife has been insuring the lives of people for the last 137 years. Metropolitan Life Insurance Company (MetLife) was established in 1863 when a group of New York City businessmen raised $100,000 to found the National Union Life and Limb Insurance Company. After several reorganizations and five difficult years in 1868, a new company was chartered to sell ordinary insurance and the founders chose the name of the company as Metropolitan as they had been most successful in New York City or the Metropolitan district. Headquartered in New York, MetLife and its affiliates offer a full range of insurance and other financial products and services.
© 2006 IUP . All Rights Reserved
POLICY SPEECH
The Future of Life Insurance: Greater Transparency and Fairness
- - Sarah Wilson
The speech highlights the need for a more principle- based, outcome-focused approach to regulation. The policy decisions should be implemented in true letter and spirit.
© 2006 Financial Services Authority (FSA). Reprinted with permission.
COVER STORY
Terrorism Risk: Need for a Closer Look
- - T S Rama Krishna Rao
The terrorists attack on the World Trade Center and the 7-11 Mumbai Blasts have sent shock waves all across the world. A terrorism pool for property insurance was created in India in 2001. There is a need for creating awareness among the corporates for taking cover against terrorism risk.
© 2006 IUP . All Rights Reserved
BUSINESS STRATEGY
Past and Present for a Bright Future
- - V Dileep
Technology plays a vital role in today's market. Business intelligence involves arrangement of data that is needed for taking strategic business decisions like launching a new product for an insurance company by investing huge money, time and other resources. The article explains how business intelligence could help insurance companies to develop new and innovative products and attain competitive advantage.
© 2006 IUP . All Rights Reserved
HEALTH INSURANCE
Risk Management in Healthcare System
- - Jaiwardhan Vij
A fully robust risk management system should include the contribution of all healthcare systems' segments, which include healthcare providers, consumers and health insurance companies.
© 2006 Pravartak (www.niapune.com). This article was first published in the April-June Vol 1, Issue-3 of Pravartak. Reprinted with permission.
BUSINESS ENVIRONMENT
Bancassurance in India: Challenges and Strategies
- - P Srinivas Subbarao
Bancassurance is the new buzzword in Indian banking industry. The business of banking around the globe is being changed due to the integration of global financial markets, development of new technologies, universalization of banking operations and diversification in non-banking activities. The financial convergence has paved a highway for bancassurance in India. The bancassurance in India is at present in its embryonic stage, but has potential to grow and take deep roots in the near future. The article explains the prospects, strategies, challenges and the benefits of bancassurance in India.
© 2006 IUP . All Rights Reserved
REGULATION
Tension between Competition, Supervision and Insurance from the Perspective of the Insurance Supervisor
- - Henrik Bjerre-Nielsen
The paper aims at discussing the tension between competition, supervision and insurance from the regulators perspective especially in the area of new and complex underwriting risks and the area of insurable versus non-insurable risks.
© 2006 Committee of European Insurance and Occupational Pensions Supervisors. Reprinted with permission.
TECHNOLOGY
Wireless Strategies for an Evolving Industry
- - Tammy J McInturff
Learn how developing a wireless strategy can help your company increase productivity and improve customer service.
©2006 Life Office Management Association Inc. (LOMA). Reprinted with permission.
RISK AND INSURANCE
Can We Just Forget about the $100?
- - George L Head
A firm's risk manager, as its employee, has a duty of loyalty to that firm and its owners to act in their best interest. That same risk manager, as that firm's legal agent in dealing with its insurers, has a duty to act with utmost good faith toward these insurers.
© 2006 International Risk Management Institute, Inc. Reprinted with permission.
CLAIMS MANAGEMENT
Marine Insurance Claims: Practice or Procedure
- - V K Sarma
Marine insurance is a special area. The article deals with a number of practical issues that makes marine insurance claims more complicated than other types of claims.
© 2006 IUP . All Rights Reserved
INSURANCE OPERATIONS
Protection of Policyholders' Interests: Origin and Development of Statutory Safeguards in Consumer Insurance Contracts
- - B Venkata Ramana
The process of statutory reforms and revisions, from time to time, has made the consumer insurance contracts more and more comprehensive and consumer-friendly. But the question remains as to what extent they have effectively served to protect of consumers' interests, particularly in respect of personal lines of insurance like automobile and other classes of accident insurance.
© 2006 IUP . All Rights Reserved
COUNTRY PROFILE
Vietnam: A New Star in the East
- - Mark VT Saunders and Adrian Liu
Vietnam offers foreign life insurers significant long-term growth opportunities as it enters a promising new phase of market development.
© 2006 Emphasis Magazine (www.towersperrin.com). Reprinted with permission. |
