Stay Updated with the
Latest Blogs
LIABILITY EXCESS OF LOSS REINSURANCE
A cedant (large insurer in a large market) bought a
- madover insurance
TREATY REINSURANCE FOR PROJECT INSURANCE PORTFOLIO
Sydney Opera House is a famous landmark. Its construction was
- madover insurance
ISSUES WITH LONG-TERM NON-LIFE POLICIES
One of the very common Long-term non-life policies are Project
- madover insurance
CAT XL ON RISK ATTACHING DURING (RAD) BASIS
Normally CAT XL is bought on a Loss Occurring During
- madover insurance
Bermuda
Bermuda reminds us of beatiful beaches as well as the
- madover insurance
POLITICAL RISK EXCLUSION UNDER REINSURANCE TREATIES
Political risk is normally excluded under most reinsurance treaties. Political
- madover insurance
Featured
IMPACT OF FIRE RATE INCREASES ON GIC RE PERFORMANCE GIC RE Domestic fire earned premium in 2018-19 was INR 22150
- madover insurance
Share to
Featured
Yesterday, Nagarajan Girishankar in one of his posts asked about Indian D&O premium and loss data. And we can get
- madover insurance
Share to
Featured
The true underwriting performance of any non-life insurer is it Gross Loss Ratio. Gross Loss Ratio = (Gross Incurred Claims/Gross
- madover insurance
Share to
Featured
Why Property Underwriters should regularly pray & have strong belief in GOD A large IAR policy is due for renewal
- madover insurance
Share to
Featured
Sunday Blog-Down the memory lane I was heading Property Underwriting & Risk Management in a Direct insurer. By then, I
- madover insurance
Share to
Featured
I had spent the first 11 years of my career in the Public Sector and the next 24 years in
- madover insurance
Share to
Featured
Health Insurance in 2023-24 constitutes over 40% of the non-life insurance premium. It includes Individual Health, Group Health, Government Schemes
- madover insurance
Share to
Featured
The following are the loss ratios of Group Health for the four-year period from 2019-20 to 2022-23: Public Sector: 106%,
- madover insurance
Share to
Featured
Health Insurance is a long-term product. Non-Life Insurers mindset is short-term. They are used to annual policies. They have inability
- madover insurance
Share to
Featured
I had bought an indemnity-based health insurance policy from a life insurer in 2009. That was the short period in
- madover insurance
Share to
Featured
Star Health Insurance: Quarter 3 FY 2023-24 Results Analysis Topline Growth:16.5% Bottomline Growth: 38.1% Brilliant results in an industry
- madover insurance
Share to
Featured
The General Insurance Council introduced “Cashless Everywhere”. Health insurance customers can choose from over 40,000 hospitals across India to get
- madover insurance
Share to
Featured
14th & 15th December 2023, BSE Index went up by around 2%. However, Listed Life Insurers on an average fell
- madover insurance
Share to
Featured
Let’s consider the below news that appeared in 2016: QUOTE An arbitration tribunal in Singapore has ruled in favour of
- madover insurance
Share to
Featured
In yesterday blog, I mentioned about the Section Warranty. I had mentioned one of the many wordings used by the
- madover insurance
Share to
Featured
We see large number of Warranties and Clauses in Project Insurance Policies. Wordings of these Warranties and Clauses are brilliantly
- madover insurance
Share to
Featured
CAR and EAR policies are Project Insurance Policies. In projects, Contractors Plant and Machinery (CPM) like Cranes, Forklifts, etc are
- madover insurance
Share to
Featured
In my 35 years journey in non-life insurance, I have seen many insureds declaring their sum insured based on their
- madover insurance
Share to
Featured
In a Laghu Insurance Policy, the schedule mentions that Building Covered for Rs 10 crores. – The definition of Building
- madover insurance
Share to
Featured
IRDAI has completely withdrawn the tariffs. Pricing was freed earlier, now even the wording has been completely freed. There is
- madover insurance
Share to
Featured
A risk has been covered under the Fire Policy. It had a Reinstatement Value Clause. A fire took place, and
- madover insurance
Share to
Featured
Insurers prefer to use “Turnover” as an index of activity compared to “Output”. However, some clients insist on an Output
- madover insurance
Share to
Featured
Terrorism coverage under the standalone Terrorism and Sabotage Insurance Policy is defined as: “An Act of Terrorism means an act
- madover insurance
Share to
Featured
Allianz has bought from Munich Re a Risk XL USD 9 m xs USD 1 m with 2 reinstatements @
- madover insurance
Share to
Featured
In our training classes at Mad Over Insurance, when I explain EGNPI, Rate on GNPI, Minimum Premium, Deposit Premium, Adustment
- madover insurance
Share to
Featured
We are talking about the standard Hours Clause used in CAT XL and then specifically look at how SWISS RE
- madover insurance
Share to
Featured
A CAT Modelling report gives a wealth of information that Reinsurance managers and Underwriters can use for their decision making.
- madover insurance
Share to
Featured
The following are two different versions of the follow the fortunes clause used in the market: Version 1 “The liability
- madover insurance
Share to
Featured
Reinsurer wants control on the claim especially when the cedant has very small retention. Control includes right to appoint loss
- madover insurance
Share to
Featured
Why should any individual buy a particular insurance policy? Insurance is a Risk Management tool. If an incident in the
- madover insurance
Share to
Featured
If we leave the Motor, Health, and Crop portfolio, Fire is the largest portfolio for any Indian Insurer. It is
- madover insurance
Share to
Featured
Insurance losses develop over years. Estimates of outstanding losses at end of each financial year are provided by each insurance
- madover insurance
