People in Focus under Corporate Governance in Insurance
Insurers: It goes without saying that the insurers are the first and foremost party to be interested in good corporate governance practices in the insurance...
Business Aspects in Banking & Insurance
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Place Mix of Insurance
Place Mix. Today you have to run faster to stay in the same place – Philip Kotler Place mix can be defined as...
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Discount Insurance Pricing
Discount Pricing: In insurance sector, discount is offered if group insurance is opted for. Group Insurance Scheme is meant to provide life insurance protection to...
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Fire and Marine Insurance Pricing
Fire and Marine Insurance Pricing: The principle of utmost good faith is applicable even for fire and marine insurance. E.g.: If a trader while taking...
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Life Insurance Pricing
Life Insurance Pricing: The pricing in case of life insurance is done on the basis of: Life Expectancy: In case of life insurance, the premium...
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Steps for Life Insurance Pricing
STEP 1 In the first step, the company decides where it wants to position its market offering. The clearer the firm’s objective, easier it is...
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Price Mix of Insurance
Price Mix. Sell value not Price – Philip Kotler Price is one element in the marketing mix that produces revenue; all...
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Product Differentiation of Insurance
Product differentiation may be referred to as the points or the qualities that a firm has in its product, which makes the product different from...
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Marine Insurance Policies
MARINE INSURANCE Marine insurance is a contract under which the insurer undertakes to indemnify the insured against losses, caused due to perils of sea....
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Fire Insurance Policies
FIRE INSURANCE A fire insurance contract is an agreement whereby the insured in return for consideration (premium) undertakes to indemnify the insured against loss...
