Insurance Reforms in India: FDI Cap to relax to 49 Percent 15 September‚ 2009‚ Business News - No Comment Ads by Google The Indian Government is keen on getting the current Foreign Direct Investment (FDI) cap raised from 26% so as to enable foreign investors up their stakes in insuranceorganisations in India. While the Insurance Regulatory Authority of India (IRDA) has been holding the FDI cap steady at 26%‚ there have been lobbying from various stake holders in the insurance industry to increase
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Discuss Insurance sector from different angles and discuss entry and exit of firms in insurance sector Discuss Insurance sector from different angles • TERM INSURANCE: Insurance may be described as a social device to reduce or eliminate risk of loss to life and property. Under the plan of insurance‚ a large number of people associate themselves by sharing risks attached to individuals. The risks which can be insured against include fire‚ the perils of sea‚ death and accidents and burglary
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Introduction Insurance in Kenya is known to have been in existence for over sixty years now with the first insurance companies believed to have been owned by British insurers during the colonial times. The industry is governed by the Insurance Act and regulated by the Insurance Regulatory Authority. The Insurance Regulatory Authority (IRA) was created by the Insurance (Amendment) Act of 2006 and came into operation on 1st May 2007. The Authority was established with the mandate of regulating‚ supervising
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solution - insurance and to provide with the knowledge of this insurance benefits to the customers‚ the Financial Consultant plays an important role in this field. To overcome these risks and uncertainties this project describes about various Insurance companies. How these companies provide benefits to policy holders is well explained by the Financial Consultant. Now days a lot is being done to create awareness among the insuring Public about the need and importance of insurance in the
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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
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Insurance Business in Bangladesh: Prospects & Problems Introduction Incidentals of Authorization and Submittal: This analytical report “Insurance Business in Bangladesh: Prospects and Problems” have been prepared as a requirement of the course named- ‘Insurance and Risk Management’ course code- 223. This report is submitted to Md. Abdullah Al Jamil‚ Lecturer‚ Department of Marketing‚ Comilla University on July 13‚ 2011 as authorized on April 13‚ 2011 The investigation was conducted by the Scarlet
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FDI in Insurance Introduction The insurance sector in India used to be dominated by the state-owned Life Insurance Corporation and the General Insurance Corporation and its four subsidiaries. But in 1999‚ the Insurance Regulatory and Development Authority (IRDA) Bill opened it up to private and foreign players‚ whose share in the insurance market has been rising. As a part of overall financial sector reforms‚ the Government set up the Committee for Reforms in the Insurance Sector in 1992. In its
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analyse the assessment of operational risk in life insurance companies and the process to develop a framework to assess the capital requirements relating to operational risk‚ taking into account the capital requirements of other risks and their interaction. 2. Summary What is Operational Risk? Operational Risk is one of the six risk categories in the Prudential Sourcebook (PSB)‚ along with credit risk‚ market risk‚ liquidity risk‚ group risk and insurance risk. It is described as "the risk of
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Problems & prospects of insurance in Bangladesh Prospects: There should be vigorous campaign through out the country to make the people aware of the utility and prospects of buying insurance. Bangladesh is a densely populated country and most of the people in our country are poor. They would definitively go for insurance for the security and the risks covered by the insurance. Therefore‚ the prospects of Insurance are very high in Bangladesh if the following measures can be adopted. First
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For Immediate Release India Insurance Industry Essay Writing Competition Winner Announced Ms Megha Asnani‚ Business Analyst with Accenture Service Private Limited was declared winner of the 2nd India Insurance Industry Essay Writing Competition organised by Asia Insurance Review in conjunction with the India Rendezvous. Ms Asnani’s essay on the topic: ‘An Indian Solvency II?’ stood out for its originality and in-depth analysis of the subject. Ms. Asnani will receive a cash prize of S$5‚000
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