ABOUT THE BOOK

The book is organized from a combination of three perspective – (a) insurance and risk management (b) insurance classes and products and (c) managerial aspects in insurance business. Part I – introduces the concept of risk management to the readers. Part II – introduces insurance as a risk-mitigating device. Part III – explores the insurance business environment in India. Part IV – deals with the life insurance business covering the life insurance players and products, claim settlement and procedural aspects, group insurance and life assurance management. Part V – focuses on non-life category. It covers the history of general insurance, the players and their performance, product wise the various non-life insurance categories Part VI - of the book is an attempt to explore the functional areas of insurance business more specifically the organization structures of insurance companies, design and development of products, management of claims, pricing and marketing of products and the financial operations of insurance companies.