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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.

Alternative markets

Self-insurance is a financial strategy that involves setting aside funds to cover potential losses instead of purchasing traditional insurance. There are various mechanisms ...

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Insurer

Insurance is a crucial aspect of risk management, and it involves transferring financial risks to an insurance company. This party, known as the insurer, provides coverage t...

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Surplus

In the world of finance, we often come across the term "surplus". This refers to the remaining amount after deducting an insurer's liabilities from its assets. It serves as ...

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Risk manager

A key role in finance is that of a risk manager. This individual is responsible for safeguarding a company from potential losses and ensuring that its goals are not derailed...

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