Category: BFSI

The expected claim method is usually used by Insurers when entering new lines of business or new territories. This method is more commonly used in lines of business with longer emergency patterns ad settlements like Medical Negligence, Workmen compensations, Product liability, etc.

DFA is a manner of viewing the world; it is not a specific model or procedure rather it is a perspective. Stochastic simulation, scenario testing, financial modeling, risk covariance, sensitivity estimation- all the terms that are associated with dynamic financial analysis - are handmaidens to the central perspective.

When it comes to designing an insurance product, the insurer has to keep in mind the customer need, preferences, appropriate delivery mechanism, regulatory requirements, and knowledge of local and global conditions even though there is no “one size fits all“ solution.

A preexistence of a proper risk management culture underpins a risk management framework. Risk management-related communications and taking strict actions for violations, including disciplinary actions send the right signals across the organization. On the positive side, good risk management communication acts as an educative tool to assist the functional heads to build a solid risk management framework.

With great financial planning, one can achieve their goals. All it takes is research, time, and dedication. Here’s some pointers on getting there.

With a bit of smart planning and investing you can easily cushion any crisis such as covid 19 or any future events. Get to know how, here.

Whatsapp could be used effectively for our Business Development, Quality & Personalised Customer Service, Product endorsement at a lower cost. Read more.

Takaful Insurance is quite a vague phenomenon not known to many. Keeping this in mind, this blog is an effort to give a broad idea of the concepts, operations, and processes involved in Takaful Insurance.

IT is playing a critical role in insurance companies’ growth, with the help of specific trending technologies. There is bound to be more pressure on the industry over the coming years from greater competition, even-more fickle consumers, and increased regulation.

In this blog, we will cover topics such as Cryptocurrency, bitcoins, and crypto-jacking.