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SUNSET CLAUSE IN LIABILITY XOL REINSURANCE
Wording of Sunset clause in reinsurance contract on risk attaching
- Atmaram Cheruvu
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FUTURE IS BRIGHT EVEN THOUGH PRESENT IS BLEAK
Year 2000 – Foreign players allowed 26% stake. Many foreign
- Atmaram Cheruvu
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ARBITRATION AWARD DEFAULT
X infrastructure company, based in India, builds an airport in
- Atmaram Cheruvu
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IS PERSE RATING MAKING A COMEBACK IN FIRE INSURANCE?
This long-forgotten term “Perse Rating” again is being heard. Not
- Atmaram Cheruvu
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INTERIOR WORKS AND SURROUNDING PROPERTY
I would wish to express my sincere thanks to Srikanth
- Atmaram Cheruvu
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INSURING INTERIOR WORKS & BUILDING
A building has been constructed by a civil contractor and
- Atmaram Cheruvu
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SUNSET CLAUSE IN LIABILITY XOL REINSURANCE
Wording of Sunset clause in reinsurance contract on risk attaching
- Atmaram Cheruvu

FUTURE IS BRIGHT EVEN THOUGH PRESENT IS BLEAK
Year 2000 – Foreign players allowed 26% stake. Many foreign
- Atmaram Cheruvu
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NON-STANDARD CLAIMS Breach of warranty gives right to the insurers to void the contract and avoid the claim. Even considering
- Atmaram Cheruvu
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Sunday Blog. After all the insurance topics all these days, probably a non-insurance topic may be better for a Sunday.
- Atmaram Cheruvu
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In simple words, a Captive Insurance company is one in which the insurer is wholly owned by the insured. Most
- Atmaram Cheruvu
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Eid Mubarak Friends of Mad Over Insurance across the world. Eid ul Fitr marks the end of the holy month
- Atmaram Cheruvu
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The Insurance Information Bureau is a body to analyzes insurance data in India. One of the objectives of IIB is:
- Atmaram Cheruvu
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Health Insurance in 2023-24 constitutes over 40% of the non-life insurance premium. It includes Individual Health, Group Health, Government Schemes
- Atmaram Cheruvu
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The following are the loss ratios of Group Health for the four-year period from 2019-20 to 2022-23: Public Sector: 106%,
- Atmaram Cheruvu
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Health Insurance is a long-term product. Non-Life Insurers mindset is short-term. They are used to annual policies. They have inability
- Atmaram Cheruvu
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I had bought an indemnity-based health insurance policy from a life insurer in 2009. That was the short period in
- Atmaram Cheruvu
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Star Health Insurance: Quarter 3 FY 2023-24 Results Analysis Topline Growth:16.5% Bottomline Growth: 38.1% Brilliant results in an industry
- Atmaram Cheruvu
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The General Insurance Council introduced “Cashless Everywhere”. Health insurance customers can choose from over 40,000 hospitals across India to get
- Atmaram Cheruvu
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14th & 15th December 2023, BSE Index went up by around 2%. However, Listed Life Insurers on an average fell
- Atmaram Cheruvu
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Let’s consider the below news that appeared in 2016: QUOTE An arbitration tribunal in Singapore has ruled in favour of
- Atmaram Cheruvu
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In yesterday blog, I mentioned about the Section Warranty. I had mentioned one of the many wordings used by the
- Atmaram Cheruvu
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We see large number of Warranties and Clauses in Project Insurance Policies. Wordings of these Warranties and Clauses are brilliantly
- Atmaram Cheruvu
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CAR and EAR policies are Project Insurance Policies. In projects, Contractors Plant and Machinery (CPM) like Cranes, Forklifts, etc are
- Atmaram Cheruvu
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These wind perils are not defined under the fire policy. Indian Meteorological Department classifies disturbance as follows: Low Pressure Area:
- Atmaram Cheruvu
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Flood and Inundation are covered under a Fire policy either as a basic cover (as in India) or as an
- Atmaram Cheruvu
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Date of Loss: 30th August 2003 Supreme Court Judgement: 28th Jan 2020. Delay, Deny, Defend-Why Insurance Companies don’t pay claims:
- Atmaram Cheruvu
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There is talk of IIB rates from 1st Jan 2025. Will it work? I tried to look at the loss
- Atmaram Cheruvu
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Which of these three wordings has the least contract certainty? Wording 1 “It is agreed and declared that, whenever found
- Atmaram Cheruvu
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One of the clauses in an insurance policy which is most ignored by insured as well as brokers is a
- Atmaram Cheruvu
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Yesterday we discussed about RSM 1 which is based on Premium. Today, we discuss about RSM 2 which is based
- Atmaram Cheruvu
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In India, a reinsured doesn’t get the full credit for Reinsurance in solvency calculations. Let’s understand the factor-based solvency calculations
- Atmaram Cheruvu
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We had seen from the A.M. BEST analysis of Insurance Company failures that 8% of all failures were due to
- Atmaram Cheruvu
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A.M. BEST analysis of insurance failures gives the following primary causes for Insurance failures: a) Insufficient reserves: 34% of failures
- Atmaram Cheruvu
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In XOL reinsurance, we hear the terms-Pay Back Period and Rate of Line (ROL). Let us understand these terms. Let
- Atmaram Cheruvu
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For CAT modelling there are three main phases: Phase I: Hazard/Peril Assessment: In this phase, events based on Severity &
- Atmaram Cheruvu
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Why should any individual buy a particular insurance policy? Insurance is a Risk Management tool. If an incident in the
- Atmaram Cheruvu
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If we leave the Motor, Health, and Crop portfolio, Fire is the largest portfolio for any Indian Insurer. It is
- Atmaram Cheruvu
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Insurance losses develop over years. Estimates of outstanding losses at end of each financial year are provided by each insurance
- Atmaram Cheruvu
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