Mr.Sumit S. Rathod T. Y. B. Com. Banking and insurance Semester VI Prof. S.Kannan Project Guide
The Department of Banking and insurance
Sydenham College of Commerce and Economics, B Road, Churchgate, Mumbai 400020 2009-10
DECLARATION BY THE STUDENT
I, Sumit S. Rathod, student of T.Y.B.Com., Banking and Insurance, Semester
VI, Roll No.42, hereby declare that this Project Report entitled Terrorism Risk a New Face in the Insurance Sector is being submitted as a partial fulfillment of the course, which is a necessary requirement to pass the Semester VI examination. I further declare that Report is the output of my personal research and all the information contained herein is correct to the best of my knowledge.
Mumbai April 13, 2010
Sumit S Rathod
PREFACE
Terrorism is throwing itself as a national security challenge for almost every
country. It has brought many countries to a standstill and its frequency is increasing day by day. Insurance Industry around the world has created a Terrorism Insurance cover in order to face the uncertainty of Terrorism. U S Government has initiated an act on terrorism known as TRIREA and it is followed by many countries in preparing their own Terrorism Insurance. It was my anxiety and curiousness to know about this new topic that it led me in preparing this report. I have taken time in order to provide the best and up to date information on Terrorism Insurance. The main intention of mine for taking this project was to receive the practical knowledge rather giving importance to the marks associated to it. It was not just a fulfillment of the work but a through understanding about each aspect of the project I ensure that the readers receive the right information from the Project and also gains through the informations
ACKNOWLEDGEMENT
I take this opportunity to thank the University of Mumbai for giving me
an opportunity to work on this project, which is a prerequisite of this course. I also thank Sydenham College for laying the foundation for the project. I thank my project Guide Prof. Kannan, whose support has helped me to complete this project in a fruitful manner. My project would not have been completed without the help of our collage Librarian. It was in deed her support that enabled me to receive right information from the right source. I would also like thank my family members especially my Sister Naina Rathod for guiding me through out the project and providing me with the right information. At last I thank all my friends and well-wishers whose help has made this project a successful.