Catastrophe Insurance in Asia -- Illustrated by 2011 Thai Flood Content Page 1. Introduction Catastrophes have become a rising concern all over the world. Natural catastrophes have been rising exponentially over the century while man-made catastrophes such as terrorism are alarming as well. The increasing losses caused by catastrophes have proved their devastating impacts on humans. In this report‚ our group will take a closer look at catastrophe
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SUB: - CORPORATE GOVERNANCE TOPIC: CORPORATE GOVERNANCE IN INSURANCE SECTOR. . ACKNOWLEDGEMENT My deepest thanks to prof.Oberoi sir to Guide the project for guiding and correcting various documents of mine with attention and care. He has taken pain to go through the project and make necessary correction as and when needed. A special thank of mine goes to my colleague who helped me in completing the project & she exchanged her interesting ideas‚ thoughts & made this project
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6/4/2015 Ethiopian Insurance Coorpration About Us Financial Service Side Menu Background OrgStructure & Staff Development Vision & Mission Investment & Inteational Affiliation Reinsurance Publication Branches News Forms Contact Us Search Articles FAQ Company Profile HISTORICAL BACKGROUND Ethiopian Insurance Corporation (EIC) was established in 1976 by proclamation No.68/1975. The Corporation came into existence by taking over all the assets and liabilities of the thirteen nationalized private insurance
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Explain the purpose of automobile insurance and examine the extent to which automobile insurance does encourage risky behavior. The purpose of automobile insurance is to repair or replace damages caused by hazardous situations. Insurance can give a motorist a sense of freedom from financial distress. Unfortunately insurance does encourage risky behavior. Knowing that you personally may not have to incur cost repairing another person’s vehicle may sway risky driving practices. Speaking for myself
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GEICO was founded in 1936 by Leo Goodwin‚ Sr. and his wife Lillian to provide auto insurance directly to federal government employees and their families.[2] Since 1925‚ Goodwin had worked for USAA‚ an insurer which specialized in insuring only military personnel; he decided to start his own company after rising as far as a civilian could go in USAA ’s military-dominated hierarchy. Based on Goodwin ’s experience at USAA‚ GEICO ’s original business model was predicated on the assumption that federal
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business industries to adapt the latest in technology for better provision and production of services and products. Although insurance is one of the first to adapt data integration and cloudstoring system‚ we cannot deny the fact that the industry is lagging behind in the application of the most recent technological advancement. Axis Capital Inc.‚ with a group of insurance and reinsurance companies in Bermuda‚ Singapore‚ Australia‚ the United Kingdom and the United States stated in interview that
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When it comes to commercial truck insurance‚ make sure you have the right coverage to ensure you and your employees are taken care of in the event of an accident. Liability Insurance This type of coverage protects you from the cost of medical injury or property damage resulting from an accident caused by you or a company employee in an insured vehicle. Policies usually list separate limits for bodily injury and property damage. With commercial truck insurance‚ many agencies will offer a single
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Mutuals’ or Insurance Introduction Livestock is an important source of household income for developing countries (including India). Approximately‚ 100 million households are dependent upon livestock as either the primary or secondary source of income in India alone. Any disease‚ accident‚ or theft of livestock leads to a substantial loss to the household. Apart from this‚ huge production risks associated with dairying activities render animal husbandry business a risky proposition for the low-income
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1. Analyze the various players in the insurance markets. There are two kinds of players in the insurance market. They include: Those who want to sell their products and services‚ i.e. the insurance companies Those who would like to take advantage of the insurance and insure themselves or their products‚ i.e. clients. According to the differences in the behavior and attitude of clients‚ five consumer groups have been identified. They are as follow: The well-off crowd: these are mass clients
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Captive Insurance Companies Association Special Section Agency captives can provide additional revenue Great American has a long track record with this model By Michael J. Moody‚ MBA‚ ARM The captive industry has grown and matured significantly from the original concept that Fred Reiss introduced more than 60 years ago. Originally‚ the concept was primarily directed to provide an alternative risk financing approach for Fortune 500 corporations. The approach is one that allows corporations to be
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