Create knowledge
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(rate this)
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Yes
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3
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No
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Ajay Rai
| Argues in support of
"No"
| 3 years ago
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I do not think this is actually going to create any differences. When the company is exapnding the first thing it is going to do is bring its own employees to the newer place.
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Vinod Chaudhary
| Argues in support of
"Yes"
| 3 years ago
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I think it will, there has been a movement of 580 jobs in the past three months, so I think there is going to be a lot of turmoil in this situation.
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Debate: "Insurance sector's future" deleted from your view.
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1
Find your Human Life Value first..
2
HLV AND NO BONUS CONCEPT
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Badarish
| Added idea
"Monthly Family Expenses"
| 1 year ago
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E.g:Mr.Raju aged 40,working in MNC and his wife Rekha housewife 35,their monthly house hold expenses is Rs50000/- out of which Raju spends Rs15k on himself.Raju were expected to live till 70 and his wife till 75, How much does Mr.Raju needs to be...
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Vinod Chaudhary
| Added idea
| 3 years ago
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If I expect to spend a particular sum of money for the education and / or wedding of my children, I will like to buy an insurance policy for a specific sum to meet such a lump sum commitment.
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V.Chandramouli
| Supported idea
"Find your Human Life Value first.."
| 2 years ago
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Even though I agree with human life value, but one must also assume the capacity to pay. Say for eg. I want to cover for a crore S.A. but my annual income is around Rs.1.5 lac how is it possible? I have to cover up my basic needs and daily...
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Ideate: "How much insurance you need?" deleted from your view.
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The insurance sector in India has come a full circle from being an open competitive market to nationalization and back to a liberalized market again. Tracing the developments in the Indian insurance sector reveals the 360-degree turn witnessed over a period of almost two centuries. The insurance sector was opened up for private participation four years ago. For years now, the private players are active in the liberalized environment. The insurance market have witnessed dynamic changes which includes presence of a fairly large number of insurers both life and non-life segment. Most of the private insurance companies have formed joint venture partnering well recognized foreign players across ...
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mohd arif bootwala
| Commented
| 3 years ago
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Very nice to here from this article, but a lot many changes have alreadt taken place. So insurance is definetly going to Rock. and major segment would personal lines products, and more over HEALTH will be a specilised segment, where there is very...
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varsha
| Commented
| 3 years ago
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Insight: "60,000 new jobs in the Insurance Sector" deleted from your view.
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I want to know what all insurances should a new business take befre starting up or at the tim eof start up. Also tell me which companies are the best for taking up that insurance.
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Vinod Chaudhary
| Answered
| 3 years ago
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Here are some of the basic types of business insurance that you should take: Property and liability coverage. You never know when a fire, flood, or other natural disaster will strike. Property and liability insurance will also shield you from...
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Answer: "What all business insurances are needed for a new start up?" deleted from your view.
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Aditya Sharma
| Answered
| 3 years ago
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Like any investment a person has to be very much vigilant.But the pros that you can say are: a) Tax Benefit b) Life cover c) sum assured to some extent d) Critical Illness Benefit if the proposer has opted for it. This is not available if...
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Jairam Gopalan Aiyer
| Answered
| 3 years ago
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It also depends on the Profiatability of an Insurance Company whether it is able to povide a reasonable return in the Insurance Policy whether a person should treat Insurance as an Investment or not. I would certainly like all financial...
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Answer: "What are the pros and cons of purchasing insurance as an investment?" deleted from your view.
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Himai Malakar
| Answered
| 4 years ago
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When it comes to managing financial assets, insurers face numerous challenges: multiple disconnected systems, lack of data transparency, outmoded closing processes, and the need to comply with a growing number of regulations such as...
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Answer: "How SAP helps in managing and reulating Financial Asset Management in Insurace sector?" deleted from your view.
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Avanish Ratna
| Answered
| 4 years ago
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The individual fulfilling the Actuarial Function has responsibilities that include advice to the board of the firm on the methods and assumptions to be used in determining its liabilities for prudential purposes.
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Answer: "What could be the role of actuaries in long term assurance business?" deleted from your view.
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Companies in the Insurance industry collected enormous amounts of data about their clients. This is invaluable information about customers behaviour, activities, and preferences. To extract information from the whole amount of raw data Insurance firms lost time and efforts, due to their protective regulations. Let us see how data mining can be used in insurance industry. 1. The first step for an analyst is to select databases (data warehouses) that can be used for knowledge discovery. 2. After selecting an appropriate database for data mining it is necessary to set up the data mining software. The most suitable data mining method for fraud detection in insurance is Classification. Data mini...
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Rajani Kanth
| Commented
| 4 years ago
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Data mining techniques can be used to analyse financial time series data, to find patterns, to detect anomalies and outliers, to recognize situations of chance and risk, to detect temporal changes in the correlation patterns and structures, to...
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Insight: "Step by step guide for using Data mining in insurance industry" deleted from your view.
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Managing risk is an old habit of human beings. In our day-to-day life, we seem to always be worried about future risks. As a result, we end up investing in insurance or other investment instruments to secure ourselves against those unseen risks.Accidents, environmental disasters, bankruptcy, loss in business and death are risks that have plagued us since time immemorial. Generally, we cannot get a complete shield against any potential risk, but we can adopt appropriate proactive measures to mitigate every risk. The same concept applies to the financial services industry too. However, managing risk individually seems to be less talked about today, while enterprise-wide risk management (EWRM)...
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Susanta Panda
| Commented
| 4 years ago
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All business leaders are embracing the discipline of enterprise risk management in the planning and assessment of strategic objectives, and the monitoring and reporting on risks associated with those objectives. So it is a important aspect to...
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Trends: "Enterprise risk management" deleted from your view.
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