On 17th June , 2017 At Taj Gateway Kolkata
The ASSOCHAM, Eastern Region organised a National Conclave on Dynamics of Insurance on 17' June at kolkata. Mr K B Vijay Srinivas, chairman, ASSOCHAM Insurance Council in his welcome address spoke about the theme of the seminar. According to him Insurance is a sunrise industry which is witnessing lot of new developments in various fronts. The growth in Insurance Industry has been huge and premium surged post demonetization. Many new schemes like Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Yojna has been very successful. The new Fasal Bima Yojana helped to garner Rs. 20,000 crore of premium which was a big boost to industry. The industry witnessed a growth of 32% which is quite huge. Kolkata holds the distinction of having oldest insurance company in India and insurance market developed from Calcutta. He welcomed the speakers and guests in the seminar.
Mr. Suresh Mathur, Executive Director, IRDAI in his keynote address spoke about the importance of Kolkata in development of Insurance Industry in India. According to him East India Company started its operation from Kolkata and Kolkata provided fodder to economy of Great Britain. He traced out the latest developments in Insurance Regulations with passing of Insurance Amendment Act 2015, Increase in FDI cap, Introduction of new category of Investors who can invest in Insurance companies, Opening of first private Reinsurance Company which will help to create more capacity in Indian Reinsurance market.
Diese Geschichte stammt aus der July 2017-Ausgabe von THE INSURANCE TIMES.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der July 2017-Ausgabe von THE INSURANCE TIMES.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
"IMS Unison University differentiates itself in the Indian higher education landscape through a strong commitment to quality education, a personalized student experience, and a modern, industry-relevant curriculum."
About Dr Anil Subba Rao Paila
IRDAI Corner
Insurance Regulatory and Development Authority of India (Insurance Fraud Monitoring Framework) Guidelines, 2024
Insurance Caselaws
The Himachal Pradesh State Commission orders Oriental Insurance Co. to pay Rs. 7.9 lakhs for repudiating an insurance claim solely because of delayed notification.
New Product Launches
Canara HSBC Life Insurance unveils new plan combining life protection and wealth creation
Gunford: Marine Insurance Fraud or Purely Coincidence!!
Global Maritime trade is affected hugely by the policies of maritime insurance being followed in various nations. An insurance policy is a contract in which an individual or entity (known as an insured) receives monetary reimbursement against losses, emerging from the occurrence of an event, from an insurance company (known as an insurer), generally in exchange for a premium.
How various insurtech startups are addressing the challenge of low market penetration in the Indian Life insurance sector
India's life insurance sector, despite being one of the largest markets in the world by population, faces a significant challenge in terms of market penetration. With a penetration rate hovering around 3% of GDP, it's clear that a vast majority of Indians remain either uninsured or underinsured.
Exclusion clauses in Insurance Contract: Enforceability and Interpretation
The terms of the insurance contract require strict construction without eschewing or adding the words in the contract. However, insurers are exempted from any liability where the loss is attributable to an excluded peril specified in the exclusion clause or not mentioned in the covered causes/perils/risks/loss.
Risk Management 2.0 in the new Gen Z Milieu
I notice that the world has significantly changed over the last five years due to black swan events (like Covid-19), geopolitical upheavals affecting supply chains (like situation in Middle east and Eastern Europe) and tech advances (like Al, robotics) have reshaped the risk landscape. Risk professionals must now adapt faster than ever to navigate these disruptions to ensure business resilience.
International News
Growing demand in Europe: Munich Re remains disciplined while further expanding
Life Insurance News
About 7 crore people have subscribed to the Atal Pension Yojana (APY) whose corpus has swelled to Rs 35,149 crore, Finance Minister Nirmala Sitharaman said.
