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Insurance

IRDA

As a finance professor, I would like to introduce you to the Insurance Regulatory and Development Authority of India (IRDAI). This governing body serves as the backbone of the insurance industry in India, safeguarding the rights of policyholders and promoting the steady development of this sector. Through its regulatory efforts, the IRDAI ensures the proper functioning and growth of the insurance market in India.

Key employee

A key employee refers to an individual whose contributions play a vital role in the success of an organization. This individual's skills and knowledge are highly valued and ...

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Sum Assured

As a professor of finance, I want to ensure that you understand the concept of assured amount. This refers to the agreed upon sum that an insurance company will pay out in t...

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Risk management policy

A financial strategy is a carefully designed plan that outlines the steps and guidelines to ensure consistent and effective actions over a certain period of time. It is cruc...

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Pro-rata treaties

Reinsurance agreements refer to contracts where the sharing of premiums and losses is based on a predetermined ratio. This is a common practice in the insurance industry, al...

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