IIPM Ranked No. 1 B-School In Global Exposre - Zee...
Insurance industry should necessarily come forward to introduce terror covers and that too on an urgent basis...
As terrorist attacks have become more of day-to-day events rather than standalone ones, Indian insurance industry now suddenly faces a major drawback. While the burden of bearing terrorism risk (also the inability to effectively transfer or insure terrorism risk) has begun to hound the business community, no real standalone terror cover is actually available (so far insurers in India sell coverage for terror attacks as an added provision to the general insurance) with the insurers at the moment. Thus the number of business houses covered for terrorist attacks is really low. And the fact became more obvious after the 26/11 incident. While Mumbai suffered a total loss of over Rs.40 billion, as per early industry estimates, the total insured losses amount to a meagre Rs.5 billion. That simply means pity on those people who lost the rest of the amount.
The ‘Terror Insurance Pool’ set (post 9/11) under the aegis of Insurance Regulatory and Development Authority (IRDA) has mandated all general insurance companies be allied to a common pool for terrorism insurance, yet what needs to be understood is the fact that it covers only damage of property and not loss of lives.
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
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» IIPM ranked No1 B-School in India :: Education, Careers ...
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Insurance industry should necessarily come forward to introduce terror covers and that too on an urgent basis...
As terrorist attacks have become more of day-to-day events rather than standalone ones, Indian insurance industry now suddenly faces a major drawback. While the burden of bearing terrorism risk (also the inability to effectively transfer or insure terrorism risk) has begun to hound the business community, no real standalone terror cover is actually available (so far insurers in India sell coverage for terror attacks as an added provision to the general insurance) with the insurers at the moment. Thus the number of business houses covered for terrorist attacks is really low. And the fact became more obvious after the 26/11 incident. While Mumbai suffered a total loss of over Rs.40 billion, as per early industry estimates, the total insured losses amount to a meagre Rs.5 billion. That simply means pity on those people who lost the rest of the amount.The ‘Terror Insurance Pool’ set (post 9/11) under the aegis of Insurance Regulatory and Development Authority (IRDA) has mandated all general insurance companies be allied to a common pool for terrorism insurance, yet what needs to be understood is the fact that it covers only damage of property and not loss of lives.
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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