Reinsurance in India

            
 
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Please note:

This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.



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Case Details:

Price:

Case Code : INS019 For delivery in electronic format: Rs. 100;
For delivery through courier (within India): Rs. 100 + Rs. 25 for Shipping & Handling Charges

Themes

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Case Length : 04 Pages
Period : 2003
Pub Date : 2003
Teaching Note : Available
Organization : Varied
Industry : Insurance
Countries : India

Abstract:

These caselets discuss the need and significance of reinsurance for an insurer. They also discuss how reinsurance stabilizes the loss experience of an insurer. Caselet 1 examines the social responsibility of insurance companies in India. The issues involved in settling claims after the Gujarat riots are also discussed in the caselet. The latter part of the caselet deals with the need for a reinsurer and the different types of reinsurance available. Different modes for cushioning the loss are discussed in Caselet 2. Specifically, the caselet examines the terrorism risks and the ways in which insurers can minimize the impact of such risks on their companies.

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Issues:

Understand the need for insurance companies to be socially responsible (specially after the Gujarat riots)

Discuss the changing trends in the insurance industry in India after the terrorist attack on the World Trade Center

Keywords:

Caselets, discuss, reinsurance, reinsurance, loss experience, social responsibility, India, claims, Gujarat riots, reinsurer, cushioning, loss, terrorism, risks, insurers, minimize, impact

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