Basics of Insurance 2 Contents:- * Life insurance * General insurance * Insurance market scenario * Emerging trends in insurance 3 Learning Insurance * What Is Insurance Insurance is concerned with protection of economic value of assets.Tangible assets are human beings‚ house‚ furniture‚ motor cycle etc.Intangible assets are liabilities 4 History of Insurance * It
Premium Insurance Life insurance
The Nature of Insurance came about to offset any loss that an individual or those engaged in business may suffer through the occurrence of some unforeseen event. To offset this loss the commercial world developed the contract of insurance. In return for a fee the individual‚ or the business enterprise‚ would be indemnified for the loss suffered on the occurrence of the event insured against. Contracts of insurance cover a wide field such as life assurance‚ personal accident public liability‚ damage
Premium Insurance Liability insurance
Chapter 1:History ……………………………………………………………..2 -Insurance Business -India’s Insurance Business Chapter 2: Insurance sector reforms…………………………………………4 Chapter 3: IRDA……………… ……………………………………………….5 -History -Powers‚ Duties & Functions Chapter 4: Non –Life Insurance companies…. ……………………………8 Chapter 5: General Insurance Products …………………………………….9 Chapter 1 History of Insurance Business Insurance probably made a beginning in the ancient land of Babylonia
Premium Insurance
Principles of Insurance Principles of Insurance An insurance contract is a type of a legal contract in which a type of risk is transferred to an insurance company in return of a premium by the policyholder. As by their nature‚ insurance contracts may be exposed to misconduct by both parties: the underwriter and the policyholder. Therefore six principles of insurance‚ which are recognised by law‚ were created to reduce this type of abuse. In the following pages I will explain these principles
Premium Insurance
required to be followed. The following approaches were followed in conducting this term paper. 1.1 Origin of the Report: The report is a partial requirement of the course Risk Management & Insurance (FIN 410). That is why our honorable instructor assigned us to do a term paper on Reliance Insurance Company Limited. The report is conducted based on the financial statement and the website of the company. This report is a reflection of what we have learned in between the course. 1.2 Objective
Premium Insurance Financial ratio Balance sheet
Industry Profile * History of Insurance * Types of Insurance * Life Insurance * Non Life Insurance | * Development of Life Insurance in India * Development of Life Insurance in Rural India * IRDA (Insurance Regulatory Development Authority) * Advantage of Life Insurance * Limitation of Life Insurance | The History of Insurance Although insurance may have been used by the Babylonians‚ the Greeks and the Romans‚ insurance in the modern sense originated
Premium Insurance Life insurance
Name: ID: Principles of Risk Management and Insurance Assignment 1 (Due 4/30/2012) Please write your answers on a separate sheet of paper. 1. Managers may have incentives to take action that benefit themselves at the expense of the shareholders. What factors give them incentives to act consistently with shareholder value maximization? 2. Describe the most important components of the cost of risk that apply to the risk of shoplifting at a convenience store
Premium ISO 9000 ISO 14000 Quality assurance
What It Means To Be a Corporal of Marines A Corporal of United States Marine Corps had duty and responsibility that they carry out and sever on a day to day base. A Corporal is the lowest as a Noncommissioned Officer in the Marines Corps. A Corporal helps establish good order and discipline for their Marines. Corporals are held accounted for their and their Marines action. As Corporal of Marines they lead their Marines with firmness‚ fairness‚ and dignity. Corporals should have confidence‚ communicate
Premium United States Marine Corps
History of marine nco Roman legionnaires were responsible for: * Supervising training * Performing administrative and logistical tasks * Influenced the shaping of the NCO structure The Roman legionnaires organizational structure was copied by other nations. The Continental Marine Corps originated when Samuel Nicholas was commissioned to raise two battalions of Marines‚ resulting in blended traditions from the: * British Royal Marines * French Marine Corps The Marine NCO originated
Premium United States Marine Corps Marine Royal Marines
A Marine Biologist Marine biology is an ideal profession for me because of my love for the ocean and my passion for sharks. A marine biologist studies all types of sea life and can specialize in studying large ocean animals. Since the release of the 1975 movie “Jaws;” I was captivated by this majestic species. I have always felt a kindred spirit with sharks and want to be part of a solution to change the general population’s perception of sharks. A marine biology education provides me with the
Premium Marine biology Oceanography Biology