IIPM Ranked No. 1 B-School In Global Exposre - Zee...
Terror cloud & missing umbrellas
The problem with terror insurance cover is that it never covers the whole losses. Terror cover by nature is limited to those risks arising from terrorist hits alone and not to the damages caused by fighting terror or long-term risks to businesses. Further, the depletion of this pool (worth Rs.12 billion with a clause that restricts claim from a single site to just Rs.7.5 billion) is worrisome. Hence the industry is actually in need for a bigger pool to fund the damages as and when required. Not only that, considering the changing dynamics of terrorist attacks and the magnitude of damages sustained, the present premium computation system (pegged at just Rs.0.22 for every Rs.1,000 coverage) too seems obsolete, calling for a quick upgradation.
J. Hari Narayan, Chairman IRDA also accepts the fact stating, “Terror insurance products are also bound to be upgraded and the rate of premia might change depending upon the evolution of new products that the industry will come up with.” And it should be done as soon as possible (ASAP). At the same time, the process of measuring and predicting losses must also be chalked out very carefully to provide a safe umbrella to everyone who needs it, financially at least.
Gyanendra Kashyap
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
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» IIPM ranked No1 B-School in India :: Education, Careers ...
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Terror cloud & missing umbrellas
The problem with terror insurance cover is that it never covers the whole losses. Terror cover by nature is limited to those risks arising from terrorist hits alone and not to the damages caused by fighting terror or long-term risks to businesses. Further, the depletion of this pool (worth Rs.12 billion with a clause that restricts claim from a single site to just Rs.7.5 billion) is worrisome. Hence the industry is actually in need for a bigger pool to fund the damages as and when required. Not only that, considering the changing dynamics of terrorist attacks and the magnitude of damages sustained, the present premium computation system (pegged at just Rs.0.22 for every Rs.1,000 coverage) too seems obsolete, calling for a quick upgradation.
J. Hari Narayan, Chairman IRDA also accepts the fact stating, “Terror insurance products are also bound to be upgraded and the rate of premia might change depending upon the evolution of new products that the industry will come up with.” And it should be done as soon as possible (ASAP). At the same time, the process of measuring and predicting losses must also be chalked out very carefully to provide a safe umbrella to everyone who needs it, financially at least.
Gyanendra Kashyap
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
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