Professional Documents
Culture Documents
Insurance is nothing but a system of spreading the risk of one onto the shoulders of many.
Risk Management, the practice of appraising and controlling risk, has evolved as a discrete of field of study and practice
1956: 245 Indian and foreign insurers and provident societies are taken over by the central government and nationalized. LIC formed by an Act of Parliament, viz. LIC Act, 1956, with a capital contribution of Rs 5 crore from the Government of India.
The 1st general insurance company was developed by britishers in 1850.
Insurance
Accidental
Motor Vehicle
Contemporary Mixes
People Mix-Customers -Agents -Advisors Process Mix-Hospitality Marketing -Interactive Marketing Physical Evidence Mix-Insurance Certificates. -Premium payments Receipts.
Closer ties between insures & banks:- Tieups between insurers & banks through bancassurance ( Bank + Insurance) or conglomerates ( financial groups).
Identifying nature of commitments Liberalization of trading norms. Ascertaining transparency issues in trade of insurance. Identifying cross-cutting issues:- normalization of
regulatory barriers. Customer Relationship Management (CRM).
(SES).
References
WWW.UNCTAD.ORG/en/docs/ditctncd2010 WWW.TARGETSTUDY.COM/KNOELEDGE WWW.WIKIPEDIA.ORG Marketing management Philip Kottler. Service marketing K. Ramamohana Rao. WWW.ICICILOMBARD.COM WWW.OPPAPERS.COM WWW.LICINDIA.COM WWW.IRDA.GOV.IN