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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COVERED 1. This insurance covers all risks of loss of or damage to the subject-matter insured except as provided in Clauses 4‚ 5‚ 6 and 7 below. Risks Clause 2. This insurance covers general average and salvage charges‚ adjusted or determined according to the contract of affreightment and/or the governing law and practice‚ incurred to avoid or in connection with the avoidance of loss from any cause except those excluded in Clauses 4‚ 5‚ 6 and 7 or elsewhere in this insurance. General
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order for the insurance to make a claim‚ the cause of loss must be reasonably established‚ otherwise the insurer will not have a basis on which to pay the claim. In practice‚ making a claim is not such a straightforward task since there are the following different types of perils: 1) Insured Perils - risks specifically covered by the policy‚ such as damages to the car under motor insurance 2) Excepted Perils - risks specified under a policy that are not insured‚ such as motor insurance policy which
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Steve is a family man‚ who as actually paid for a family life cover insurance and so really feels safe and secure that in case something happens to him‚ the actual insurance company pays for the hospitalization and costs needed for treatment. However almost six months soon after he was in fact diagnosed with cancer. Steve is not able to continue doing work a few months later and while the life cover shouldered his actual hospitalization expenses‚ his actual loss of wages significantly changed the
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Car Insurance Comparison is Imperative The greater part of us has to secure the most tried and true insurance bundle for our well-deserved money. As various we are feeling the squeeze‚ it genuinely is critical to keep the average cost for basic items inside of your methods. Once per month car insurance portions are an on-going expense. It would bode well to keep keeping insurance costs decreased as much as you can. A perfect system you ought to make to acquire an insurance spread premium that conveys
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for it. As in most cases‚ death often comes when it is least expected. If you want to have some say on what will happen during your funeral and ease the burden at least financially and grief off your family during these times of sorrow‚ then for this reason‚ funeral insurance has been known to ease the financial burden of death. As with everything in life‚ financial worries have always been looming around‚ waiting for the kill. In this case‚ it is your death. In many cases‚ people are not always
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CAPTIVES VS. OUTSOURCING The insurance sourcing choice INSURANCE SOURCING CHOICE – CAPTIVES vs. OUTSOURCING Table of Contents Insurance sourcing- Market and journey so far .................................................................................................................... 4 Why the shift from Captive to a third party supplier? .......................................................................................................... 4 How are the third party suppliers doing in
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1 INTRODUCTION 1.1 Concept of Risk The word risk is certainly used frequently in everyday conversation and seems to be well understood. Risk implies some form of uncertainty about an outcome in a given situation. An event might occur and if it does‚ the outcome is not favourable to us. Risk can be contrasted with the word chance which implies some doubt about the outcome in a given situation; the difference is that the outcome may also be favourable e.g. risk of an accident‚ chance
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1. Introduction to the Insurance Industry Insurance and risk management make up an immense global industry. According to a survey conducted by a leading global insurance firm‚ Swiss Re‚ worldwide insurance premiums totaled $4.270 trillion in 2008 (the latest data available)‚ up about 6.3% from $4.061 trillion in 2007. This was equal to about 6.18% of global GDP. Global life insurance premiums were $2.79 trillion during 2007‚ while all other types of insurance totaled $1.78 trillion. In America
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GROUP INSURANCE NIRANJANA MAJITHIA DEGREE COLLEGE GROUP NAME: 09-ANIKET KAMBLE 10-GAURI KONDALKAR 11- MINAL MISTRY 13-DAKSHA PAWALE 14-VISHKHA RAWOOL 15- RONAK SATIKUWAR 16-TORAL SAWANT STD: SECOND YEAR BANKING & INSURANCE PROJECT NAME: GROUP INSURANCE SUBJECT: INNOVATION IN BANKING & INSURANCE GUIDED BY: PROFF. SHIVANGI TRIPATHI GROUP INSURANCE DEFINATION Group Insurance: insurance that is
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