NUTS & BOLTS OF NON-LIFE INSURANCE

PROFILE OF THE AUTHOR:

Jagendra Rana is an insurance veteran with a versatile experience of General and Life Insurance. He has been a CEO of Pearl Insurance Brokers and Corporate head of training at Shriram General Insurance Co. Ltd. He carries with him 40 years of experience in the Insurance Industry at various top positions. And henceforth, he has written this book on “non-life insurance.”

More than 500 write-ups of Mr Jagendra Rana have been published in various journals of National and International repute. He was conferred with the S.K.Desai Memorial Award for his Research Paper by Insurance Institute of India, Mumbai. He was also a resource person in the International Seminar on Insurance Frauds conducted by Osmania University, Hyderabad.

Jagendra Rana is Counsellor for a US Firm extending consultations on Insurance, Reinsurance, Intermediaries, e-business and the developments taking place on the insurance horizon.

Some of the Important topics covered in the book are:-

Content

1 Indian Insurance Industry on an upward trajectory
2 Insurance Industry is plagued with low awareness level
3 Keeping Insurance Policy in Digital Format
4 Licensed Insurance Distribution Channels in India
5 Rural Insurance: Focus on Non-Agriculture Sector
6 The ease of getting information in India
7 Scattered presence of Insurance Brokers
8 Road Accidents have serious Financial Implications
9 Indian General Insurers and their Underwriting Losses
10 Profitability takes a massive hit in the Non-life insurance industry
11 Paid-up capital of General Insurers
12 Insurance e-commerce activities in Insurance Self Network platform
13 Application of Telematics in Motor Insurance
14 Everyone is responsible for Cyber Risk Management
15 Experimental evaluation of Health Insurance Products
16 Frequency & Severity of Earthquake risk in India
17 Future outlook of Motor Insurance in India
18 Incurred claim ratio of Indian General Insurers
19 Liability remains a hazy concept in India
20 Suitable General Insurance covers are necessary for every family
21 Surveyors’ profession has greatly transformed over the years.
22 The growing demand of Wedding Insurance in India
23 The Indian Market Terrorism Risk Insurance Pool
24 Insurance Disclaimers need to be easy & Simple
25 The knock-for-knock agreement is not mandated
26 Offshore business at “GIFT IFSC” BY Indian & Foreign Insurers
27 Predicting Catastrophes is hard and controlling them is still harder
28 Ten salient features of Health Insurance, You must know
29 ‘ARAI’ to set up e-mobility centre of excellence
30 Exclusions are more important than the coverage of insurance policy
31 How Motor Add-on covers work?
32 Improvement in the level of efficiency in the conduct of ins. Business
33 Growth of non-life insurance premium underwritten outside India
34 Health Insurance in India needs a Policy push
35 How Loss Prevention Association fared on Safety Standards?
36 The insurance sector has immense potential for consolidation
37 Is the insurance industry on the cusp of a Fiscal Revolution
38 Instant Relief to Road Accident Victims
39 Prospect of Insurance Growth in India
40 The Consultative role of Health Insurance Forum
41 Turning Claims around fast is not easy
42 The Changing Role of Insurers in doing business
43 Insurance need is Vertical as well as Horizontal
44 Will “Ayushman Bharat” be a GameChanger
45 Insurance IPO Market is vibrant in India
46 Insurers can’t outsource Core Activities
47 Investment Income is different to the Underwriting Income
48 Performance Evaluation of Pradhan Mantri Fasal Bima Yojna
49 Risk-Based Capital Norms to enhance Protection of Policyholders
50 Uninsured losses cost India billions every year
51 Why the Insurance Industry of India is lagging behind?
52 A buoyant Private Sector versus ascendant Public Sector
53 Concept of Entry Age-based pricing in Health Insurance
54 CSC-A low-cost Distribution Channel of Insurance Products
55 The Crop Insurance takes Centre Stage
56 Point of Sale Persons are not Capital Intensive
57 Indian Insurance Industry is profoundly over-regulated
58 Future of the Telematics in Motor Insurance Segment
59 How Banks in India dare to mis-sell Insurance products?
60 How to make a claim under Motor Insurance?
61 “Know Your Customer” Procedure for Financial Institutions
62 Create a Road Safety Fund for Road Accident Victims
63 Insurance Industry needs greater participation of Web Aggregators
64 Information and Cyber Security for Indian Insurers
65 Unawareness is the Biggest Challenge for the Insurance Industry
66 The government could explore making Health Ins. Coverage mandatory
67 Digitization will remain a Buzzword for the Non-life Insurance Industry
68 Health Insurance is a “Must Have” Policy for every citizen
69 e-Commerce is an effective medium to increase insurance penetration
70 Insurance for Common Man is still a challenge in India
71 Promotion of Official Language in the Insurance Industry
72 The Doctrine of Sovereign Immunity has no application in motor
accident claim
73 Why Health Insurance remains so neglected in India
74 You can’t earn Profit from your insured loss
75 The Jurisdiction of the Right to Information Act
76 Pouring resources into Upgrading Employee Productivity
77 Is Insurance Ombudsman System Too good to fail
78 Electronic Transaction Administration and Settlement System
79 Appointed Actuary/Mentor System in Insurance Industry
80 AFTER-A Regional Cooperation Mechanism
81 Insurance Customers are most tolerant in India
82 Professional Surveyor is a link between the insurer and the insured
83 Exclusionary Clauses of Health insurance contracts
84 Swiftly Mounting Cyber Insurance Market of India
85 Underwriting surplus is a must for long-term survival
86 Intense Competition is driving insurers to more niche areas
87 Why Insurance intermediaries fail to renew their Licences
88 How Insurance Brokers Violate the IRDAI Regulations
89 Risk-Based Capital Norms will reflect the true financial condition of the insurer
90 Before buying Insurance, Make sure that the risk is insurable
91 “ICR” is a fine yardstick to measure the performance

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