About Us

Introduction

With an annual growth rate of 15-20% and the largest number of life insurance policies in force, the potential of the Indian insurance industry is huge. Total value of the Indian insurance market (2004-05) is estimated at Rs. 450 billion (US$10 billion). According to government sources, the insurance and banking services’ contribution to the country's gross domestic product (GDP) is 7% out of which the gross premium collection forms a significant part.

 

Till date, only 20% of the total insurable population of India is covered under various life insurance schemes, the penetration rates of health and other non-life insurances in India is also well below the international level. These facts indicate the of immense growth potential of the insurance sector.

Innovative products, smart marketing, and aggressive distribution have enabled fledgling private insurance companies to sign up Indian customers faster than anyone expected. Indians, who had always seen life insurance as a tax saving device, are now suddenly turning to the this sector and snapping up the new innovative products on offer.

 

 

Objective

In the globalize market scenario, companies need to understand and challenge the competitive markets they operate in the Indian Insurance Industry and thus the focus of the Insurance Summit 2007 is to highlight major developments and issues in the Insurance Industry. We consider this seminar to provide a unique opportunity for networking with decision makers from a wider spectrum of organizations/professionals/experts and make value additions.

 

This will provide a platform for exchange of ideas among business, academia and the policy makers to enable them to channel their expertise towards the common goal of improving India’s global competitiveness in the insurance industry and also in depth analysis of the business, which can further provide growth in such a huge untapped market.

 

 

The Focus will be on:

 

· Life Insurance

· Liability Insurance

· Alternate Risk Transfer

· Credit Risk Insurance

· Reinsurance

· IT

· Health

 

 

Unique Feature

The underlying philosophy for the seminar is one of carefully selecting a limited number of good quality papers and providing sufficient time for the speakers ad audience interaction. Paper presentation in the conference is mainly by invitation.

 

 

Target Audience

The Seminar will be beneficial to the practicing managers, business analysts and consultants, academicians, students and policy makers in the government as well as in the industry, enabling them to develop agendas for themselves and their organization. The close interaction, acquaintance and exchange of views during the conference would help in cross breeding of ideas among practioners, policy makers and academicians. The summit will be unique in many ways and organized with the following objectives:

 

· To provide a forum for insurance professionals and academics to meet and share their knowledge.

 

· To enable a large pool of management practitioners and educators to update themselves and benefit from key research findings in contemporary areas in the field of insurance and management.

 

 

Key Speakers

The issues concerning this Seminar are relevant to all spheres of Indian economy. Keeping this in mind, the seminar will have presentations from experts from industry, academia, Regulators, Students working on the various themes related to Indian Insurance Industry as well as their developed counterparts.

 

Paper are invited from Academicians, researchers and Students from Indian educational institutions and Universities. The one day seminar focuses primarily on issues related to defining, measuring and enhancing various concepts prevailing in India as well as what can be done to improve the position on the industry in India. Papers based on empirical research, experiences or promising ideas related to the seminar themes are invited for consideration in the seminar. Registration fees for selected papers (principal authors) will be waived off.

SCHOOL OF MANAGEMENT

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Underwriting the future