Royal Sundaram Alliance Insurance expects the total claims arising out of the Mumbai rains to be Rs 30-50 crore. However, the net impact is expected to be limited, thanks to reinsurance and risk management measures, a senior official said. Antony Jacob, MD, Royal Sundaram, said, ''As of date, we have received around 500 claims. These individual claims range from few thousands to a...
The abolition of tariffs from the general insurance market would lead to the Indian market achieving global standards in underwriting and risk management besides encouraging innovation. The insured would have options to obtain international contract wordings and tailor made risk solutions. The rationale for liberalisation of the insurance sector was to provide customers a...
The common factor in the many effective styles of leadership lies in meeting and overcoming challenges. Strong challenges produce the best results, and to achieve and exceed goals in a competitive environment, the philosophy of "anything is possible" must be embedded in the organizational culture. For this to happen, a clear and compelling vision for the future of the...
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