An Indian Summer for Actuaries
Source-The Actuary By-Jagbir Sodhi ‘Incredible India’ is the strapline of the Indian Ministry of Tourism, used to promote the country to the world. India indeed...
ACTUARIAL
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General Insurance Industry Snapshot of Australia
Australia’s General Insurance Industry Snapshot Policies and Claims: The industry manages 86 million general insurance policies , including 18.2 million motor-related policies and 12.4 million...
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Motor Insurance
Motor Insurance in Australia includes both private/domestic and commercial motor insurance Domestic motor insurance in Australia, commonly known as Car Insurance, is a highly competitive...
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Professional Indemnity (PI)
Professional Indemnity (PI) Professional Indemnity insurance in Australia is a critical form of coverage for individuals and businesses that provide professional advice, services, or designs. It...
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Rating for Architects and Engineers Professional Liability Policy
The actuary will calculate the rating factors for Architects & Engineers Professional Liability by applying a series of multipliers to a base premium. The premium...
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Mortgage Insurance
In Australia, the term “mortgage insurance” usually refers to two distinct types of insurance, and it’s crucial to understand the difference as they serve entirely...
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Homeowners Insurance
Homeowners ( Home and Contents Insurance) Homeowners insurance in Australia, commonly referred to as Home and Contents insurance, is a crucial protection for property owners...
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Ebola- Insurance perspective
Ebola has gone global. On August 8 , WHO declared an international public health emergency formalising the severity of the outbreak. The crisis in Africa...
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Workers’ Compensation (and Employer’s Liability) in Australia
Workers’ Compensation (and Employer’s Liability) by State/Territory Here’s a breakdown of the workers’ compensation schemes and average premium rates (as percentages of total wages) for...
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Property and Casualty (GI) Written Premium by Country
General Insurance Premium by Country1. USA Premium: The P&C insurance sector reported $918.6 billion USD in net premiums written in 2024. The top 5 insurers...
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Famous Actuaries
Actuaries who are known for their analytical abilities are specialist in Insurance and Pensions. Now they are sought after in areas of risk management ,...
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Travel Insurance
Travel insurance in Australia is designed to protect travellers from financial losses and unexpected events that can occur before or during a trip, both domestically...
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Personal Cyber Risks Insurance-India
In this increasingly connected digital world, cyber risks have grown exponentially. Based on the 2017 Nortan Cyber Security Insights Report 143 million customers in US...
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US insurtech-Key players in 2019
US insurtech transaction volume has grown high in 2019. Some interesting startups recently in this space. 1)BrokerBuddha-helps commercial insurance brokers grow sales by simplifying the...
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Compulsory Third Party (CTP) insurance in Australia
Compulsory Third Party (CTP) insurance Compulsory Third Party (CTP) insurance is a mandatory component of vehicle registration across all Australian states and territories. However, the exact...
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Public and Product Liability insurance
Public and Product Liability insurance Public and Product Liability in Australia is crucial for businesses of all sizes, protecting them from financial losses due to...
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Divorce or Alimony Insurance in India
Egypt may become the first country to make Divorce or Alimony insurance mandatory. Developed countries including US and UK already offer such products. The increasing...
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Consumer Credit Insurance
Consumer Credit Insurance (CCI) CCI in Australia is a type of add-on insurance often offered when you apply for a credit product like a personal...
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Fracking
Fracking or hydraulic fracturing is a technique for oil and gas extraction. The technique has become popular recently after scientists discovered new ways of extraction...
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Fictional Actuarial Story
“Again? Howie, no, really, I don’t think that’s right.” “Of course it is, Miranda. It was a unanimous decision.” “Howie, it’s been me for four...
