1. Introduction to the Insurance Industry Insurance and risk management make up an immense global industry. According to a survey conducted by a leading global insurance firm‚ Swiss Re‚ worldwide insurance premiums totaled $4.270 trillion in 2008 (the latest data available)‚ up about 6.3% from $4.061 trillion in 2007. This was equal to about 6.18% of global GDP. Global life insurance premiums were $2.79 trillion during 2007‚ while all other types of insurance totaled $1.78 trillion. In America
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SUMMARY Telecom has emerged as a key driver of economic and social development in an increasing knowledge intensive global scenario. India is progressing to play a leadership role and provide inclusive growth by laying special emphasis to affordability to its entire citizen even in far flung remote areas. There is no denying fact that the telecom industry in India has shown unparallel growth. The telecom now is not just an infrastructure sector but also deemed to be a service sector‚ a technology
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Investment Banking Global Education and Career Development Center ♦ 12-170 ♦ (617) 253-4733 ♦ http://careers.mit.edu Overview Investment banking includes a wide variety of activities‚ including underwriting‚ selling‚ and trading securities‚ providing financial advisory services‚ and managing assets. Investment banks cater to a diverse group of stakeholders – companies‚ governments‚ non-profit institutions‚ and individuals – and help them raise funds on the capital market. They perform the following
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SUBJECT: Insurance Industry in Canada As you requested‚ the following report presents briefly the Insurance Industry in Canada. It includes the Regulation of the Insurance Industry in Canada‚ the Insurance Bureau of Canada‚ its Mandate and responsibility‚ and types of insurance in Canada. My investigation was on the basis of five secondary sources from the Seneca library‚ Seneca library database and a professional association website. Regulation of the Insurance Industry in Canada For
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Banking Sector in Bangladesh Introduction The Jews in Jerusalem introduced a kind of banking in the form of money lending before the birth of Christ. The word ’bank’ was probably derived from the word ’bench’ as during ancient time Jews used to do money -lending business sitting on long benches. First modern banking was introduced in 1668 in Stockholm as ’Svingss Pis Bank’ which opened up a new era of banking activities throughout the European Mainland. In the South Asian region‚ early banking
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TRENDS OF IMPORTS IN INDIA In terms of economics‚ import is any commodity brought into one country from another country in a legal way. The economic needs of the country‚ effective use of foreign currency are the basic factors which influence India’s import policy. Major Importing Partners of India Most of the imports in India are from china which stands at 11.1%. Apart from china other major countries from which India imports are Saudi Arabia i.e. 7.5%‚ USA 6.6%‚ UAE 5.1%‚ Iran 4.2%‚ Singapore
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IN INDIAN BANKING 4.1 GROWTH OF BANKING SYSTEM IN INDIA : In order to understand present make up of banking sector in India and its past progress‚ it will be fitness of things to look at its development in a somewhat longer historical perspective. The past four decades and particularly the last two decades witnessed cataclysmic change in the face of commercial banking all over the world. Indian banking system has also followed the same trend. In over five decades since dependence‚ banking system in
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banks’ earnings. With fading concerns on asset quality‚ shifting competitive landscape and expanding loan books‚ banks are likely to build on the generally impressive H1‚ 2011 earnings performance despite a challenging operating environment. Banking in Q3: A Challenging Macroeconomic Turf • Nigeria’s macroeconomic story in Q3 was far from exciting as headwinds from the global economy continued to exert pressure on corporate performance and the financial market in particular. The world continued
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Perils Policy with the permitted “Add-on” covers if any can be issued. 4. Storm‚ Tempest‚ Flood and Inundation group of perils and/or Riot‚ Strike‚ Malicious Damage perils at inception of of the policy can be excluded from the scope of the policy. 5. Any risk which has not been provided for in the Tariff shall be referred to the Committee for Rating. Provisional rate of Rs. 2.50%0 shall be charged. 6. Valued policies are not issued in Fire‚ however it can be issued in the case of Curious‚ Works
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Over the last several years‚ state and local governments have been firing shots across the bow of the Interactive Video Game Industry‚ seeking to constrain increasingly graphic and violent content found in current interactive games. The federal government has now jumped into the fray‚ with proposed legislation seeking to punish the marketing of violent media to children. With the cyber-world of Internet role-playing games about to explode‚ increasing pressure will be brought to bear by morality groups
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