by Hursh Pratap Singh | Oct 10, 2022 | Insurance, Legal
The business of insurance is conducted through principles that form the founding pillars and understanding these principles shall clarify a lot about the insurance process, terms and conditions, as these are the guiding rules. Utmost good faith – The risk is...
by Hursh Pratap Singh | May 28, 2022 | Insurance
Key Takeaways: Insurance business lines, Insurer types, Stakeholders Understand Important Factors The insurance industry plays a valuable role in securing wealth and supporting the prosperity of society. This industry is a financial structure where every stakeholder...
by Hursh Pratap Singh | May 8, 2022 | Legal, Risks
Key takeaway: The 3 pillars of insurance regulation of Solvency II regime. Introduction A regime is an orderly way to do things. The solvency II regime was brought to life by the directive 2009/138/EC of the European Parliament on the business of Insurance and...
by Hursh Pratap Singh | Apr 24, 2022 | Risks
Key Takeaway: Risk Classification and Management “Risk is part of venture but it can be tackled and it should be tackled.” Introduction Most activities have risks associated with them because there is always a possibility of failure. The activities that result in a...
by Hursh Pratap Singh | Apr 24, 2022 | Insurance, Legal
Key takeaway: Insurance contract essentials Insurance is a device to reduce risk and provide security. It divides an individual’s loss among a large number, spreading the loss through its mechanism. Insurance is a regulated industry and the regulatory bodies...
