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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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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SCIENCES BUSE221-INSURANCE AND RISK MANAGEMENT IIA COURSE NOTES GENERAL PRINCIPLES OF INSURANCE LAW Apart from the principles governing all contracts insurance is also governed by its own unique principles. INDEMNITY • Is perhaps the most fundamental principle of insurance law. Object of indemnity is to place the insured after the loss in the same position he occupied immediately before the loss. He is not to be placed in a better or worse position. • Not all insurance contracts are
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EFU GENERAL INSURANCE | SUMMER INTERNSHIP | 15TH AUG----12TH AUG 2013 | | PREPARED BY : MUZNA MANZOOR | 8/23/2013 | [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] | TABLE OF CONTENT:
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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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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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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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The Insurance Industry in Armenia‚ Key Trends and Opportunities to 2018 Published on 28TH MAR. 2014 The report provides in-depth industry analysis‚ information and insights of the insurance industry in Armenia‚ including: The Armenian insurance industry’s growth prospects by insurance segments and categories The competitive landscape in the Armenian insurance industry The current trends and drivers of the Armenian insurance industry Challenges facing the Armenian insurance industry Detailed
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Motor Vehicle Insurance Course Tattle: Principles of Insurance Course Code: FIN 123 Motor Vehicle Insurance Introduction: Motor Vehicle Insurance is insurance purchased for cars‚ trucks‚ motorcycles‚ and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise there from. The specific terms of vehicle insurance vary with legal regulations in
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Indian Insurance Industry The Financial Services Landscape:The changes we have seen The way forward Summary and close Change: The only constant We are living in a dynamic world where nothing is constant Let us discuss the changes we have seen over the last 10-15 years Every change brings with it new opportunity In today’s module we shall be discussing about the changes we have seen in the Insurance market and the entire financial landscape Indian Insurance History
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