Omega Insurance Brokers was established in 2003 in Dubai to provide competitive insurance services. It has grown to over 100 employees and 4000 clients. The intern was assigned to assist the accounting department by calculating sales commissions, making payments to insurance companies, and reconciling bank statements. These tasks will help keep the accounting work up to date and ensure payments are accurate.
Receivable management and Factoring (By BU AIS 2nd Batch)Jessic Sharif
This presentation discusses receivables management and factoring. It begins with an introduction of the presentation team and defines receivables as debts or monetary obligations owed to a company by its customers. It then covers understanding and characteristics of receivables, as well as the objectives, importance and scope of receivables management. The presentation also discusses credit policies, credit evaluation, aging schedules, and factoring - including the services provided by factors and how factoring differs from bill discounting. The overall purpose is to provide an overview of key concepts relating to receivables management and factoring.
The document provides information about a presentation given by a group of students to their professor. The presentation was titled "Operations of General Insurance Companies in Bangladesh: A Case of Pioneer Insurance Company Limited". The summary discusses Pioneer Insurance Company Limited's products, organizational structure, financial performance analysis using ratios, and SWOT analysis. Recommendations are provided to improve the company's performance.
The document discusses a panel discussion on partnering for success in a digital world. The agenda includes opening remarks, opportunities in the industry from KPMG, insurer perspectives from AIA, and a panel discussion. There will also be updates from The Digital Insurer and a wrap up. The document provides information on the panellists and how to participate in the discussion through questions in the Q&A or comments in the chat. It also includes polls to gauge participants' views on key topics.
Hyundai Card Corporation presented its 3Q 2014 financial results and forecasts. Key highlights included a 57.4% increase in operating income due to cost reductions and higher revenues. Asset quality remained stable with delinquencies under 1% and adequate reserves. The company emphasized simplifying products and enhancing customer portfolio quality through its "Chapter 2" initiatives. It forecast continued profit growth by optimizing costs, growing high-spending members, and balancing stability with increased financing revenues. Capital and liquidity positions remained strong with leverage decreasing despite asset growth.
ITShades.com has been founded with
singular aim of engaging and
enabling the best and brightest of
businesses, professionals and
students with opportunities,
learnings, best practices,
collaboration and innovation from IT
industry.
This document brings together a set
of latest data points and publicly
available information relevant for
Insurance Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
Summer internship taining project report kotak life insuranceShubham Aggarwal
its a full project report on kotak mahindra life insurance based on summer internship. it covers the survey of 50 people that what was their perception regarding kotak and other insurance provider by filling up a questionnaire.
The document provides an analysis of financial ratios for three life insurance companies in Bangladesh over 5 years from 2009-2013. It calculates and compares ratios such as loss ratio, expense ratio, combined ratio, and current ratio for each company. The ratios indicate the underwriting performance, liquidity, and overall financial health and efficiency of the insurance companies over time. The document aims to identify trends in the companies' performance and financial positions through analyzing these ratios.
Omega Insurance Brokers was established in 2003 in Dubai to provide competitive insurance services. It has grown to over 100 employees and 4000 clients. The intern was assigned to assist the accounting department by calculating sales commissions, making payments to insurance companies, and reconciling bank statements. These tasks will help keep the accounting work up to date and ensure payments are accurate.
Receivable management and Factoring (By BU AIS 2nd Batch)Jessic Sharif
This presentation discusses receivables management and factoring. It begins with an introduction of the presentation team and defines receivables as debts or monetary obligations owed to a company by its customers. It then covers understanding and characteristics of receivables, as well as the objectives, importance and scope of receivables management. The presentation also discusses credit policies, credit evaluation, aging schedules, and factoring - including the services provided by factors and how factoring differs from bill discounting. The overall purpose is to provide an overview of key concepts relating to receivables management and factoring.
The document provides information about a presentation given by a group of students to their professor. The presentation was titled "Operations of General Insurance Companies in Bangladesh: A Case of Pioneer Insurance Company Limited". The summary discusses Pioneer Insurance Company Limited's products, organizational structure, financial performance analysis using ratios, and SWOT analysis. Recommendations are provided to improve the company's performance.
The document discusses a panel discussion on partnering for success in a digital world. The agenda includes opening remarks, opportunities in the industry from KPMG, insurer perspectives from AIA, and a panel discussion. There will also be updates from The Digital Insurer and a wrap up. The document provides information on the panellists and how to participate in the discussion through questions in the Q&A or comments in the chat. It also includes polls to gauge participants' views on key topics.
Hyundai Card Corporation presented its 3Q 2014 financial results and forecasts. Key highlights included a 57.4% increase in operating income due to cost reductions and higher revenues. Asset quality remained stable with delinquencies under 1% and adequate reserves. The company emphasized simplifying products and enhancing customer portfolio quality through its "Chapter 2" initiatives. It forecast continued profit growth by optimizing costs, growing high-spending members, and balancing stability with increased financing revenues. Capital and liquidity positions remained strong with leverage decreasing despite asset growth.
ITShades.com has been founded with
singular aim of engaging and
enabling the best and brightest of
businesses, professionals and
students with opportunities,
learnings, best practices,
collaboration and innovation from IT
industry.
This document brings together a set
of latest data points and publicly
available information relevant for
Insurance Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
Summer internship taining project report kotak life insuranceShubham Aggarwal
its a full project report on kotak mahindra life insurance based on summer internship. it covers the survey of 50 people that what was their perception regarding kotak and other insurance provider by filling up a questionnaire.
The document provides an analysis of financial ratios for three life insurance companies in Bangladesh over 5 years from 2009-2013. It calculates and compares ratios such as loss ratio, expense ratio, combined ratio, and current ratio for each company. The ratios indicate the underwriting performance, liquidity, and overall financial health and efficiency of the insurance companies over time. The document aims to identify trends in the companies' performance and financial positions through analyzing these ratios.
This document contains information about an assignment submitted by a group of students to their professor. It includes the title of the assignment, names and IDs of group members, a letter of transmittal to the professor, an executive summary of the report, and an introduction that provides background information on the company analyzed in the report. The company is Republic Insurance Company Limited, and the report appears to evaluate the company's policies, performance, and financial ratios over multiple years.
This presentation provides an overview of Bajaj Allianz Life Insurance Company Ltd. It discusses the establishment of the joint venture between Bajaj Auto and Allianz AG. It then summarizes the strengths and weaknesses of Bajaj Allianz, as well as the opportunities and threats facing the company. Finally, it outlines the job responsibilities and training received by the presenter during their time working for Bajaj Allianz.
AUB Annual Report for 2022 online copy.pdfAntonOnato2
The annual report summarizes AUB's performance in 2022, its highest net income year yet. Some key highlights include:
- Net income reached PHP 6.3 billion, a 56% increase over 2021, driven by stronger core businesses as the Philippine economy reopened.
- Total assets grew to PHP 340.13 billion and deposits increased to PHP 288.79 billion.
- The bank remains focused on innovation, digitalization, and serving customers while maintaining a strong balance sheet and managing risks in a challenging economic environment.
- Partnerships and collaboration helped the bank achieve strong results and will continue to be important for navigating an uncertain future.
Insurance as an investment tool with regards to ULIP at Birla Sunlife InsuranceBhavesh Kundnani
The document is a report on a summer internship project about unit linked insurance plans (ULIPs) conducted by Bhavesh N. Kundnani for his MBA program. It includes an introduction, industry and company profiles, literature review, research methodology, data analysis, findings, conclusions, and recommendations. The key points are:
- The project examines ULIPs as an investment tool and analyzes customer awareness and preferences regarding ULIPs.
- It provides background on the insurance industry globally and in India, as well as an overview of Birla Sun Life Insurance Company where the internship took place.
- The research methodology section outlines the problem statement, objectives, sampling approach, and data analysis plan
XYZ Insurance Company is submitting a business plan to provide insurance services to its parent company, JSC XYZ Corporation, and small businesses in New Delhi, India. The plan outlines XYZ Insurance's objectives of profitability and growth. It analyzes the business environment and insurance market in New Delhi. The marketing plan focuses on attracting clients through direct marketing, conferences, and the company website. Financially, XYZ Insurance projects profitability in its second year of operation based on conservative forecasts and realistic sales projections to JSC XYZ Corporation and other clients.
This document brings together a set
of latest data points and publicly
available information relevant for
Insurance Industry. We are very
excited to share this content and believe that readers will benefit from this periodic publication immensely.
This document is a report submitted by students to their professor on case studies of Sandhani Life Insurance Company Ltd. It includes an executive summary, table of contents, introduction, and two case studies with analyses. The first part provides background on Sandhani Life, including its policies, vision, mission, objectives, and features. The two case studies examine specific insurance scenarios and policies, including issues of premiums, bonuses, surrender values, and education plans. Analyses include discussions of policy terms and conditions.
2014 Property & Casualty Insurance Industry Outlook: Innovation leading the wayDeloitte United States
On the surface the property and casualty sector appears to be doing quite well, but running an insurance carrier is rarely smooth sailing. The last few years have been particularly difficult for those occupying C-Suite positions, as more fundamental issues are threatening not only short-term results on their balance sheets, but challenging the long-term viability of their operating models as well.
For example, a growing number of insurers are facing significant organizational disruption. Many have made large-scale investments in technology, replacing core systems for claims, policy administration and finance. Their chief challenge now is how to effectively leverage the new systems they’ve put in place and maintain their momentum with additional innovations in personnel, products and culture.
Additionally, ongoing political gridlock in Washington could undermine an already unsteady economic recovery. Not to mention regulatory uncertainty that makes it difficult for carriers to plan ahead and determine operational priorities.
Innovation may ultimately be the key to keep insurers growing regardless of shifting economic and insurance market conditions, as they devise ways to thwart ongoing and emerging competitive threats as well as capitalize on new opportunities.
For more - visit http://www.deloitte.com/view/en_US/us/Industries/Insurance-Financial-Services/039bdd0819e23410VgnVCM3000003456f70aRCRD.htm
The Institute of Customer Experience Management (ICEM), the flagship institute of Aegis Global Academy, is the first-of-its-kind to offer an MBA equivalent program focused solely on customer experience management and customer-centricity.
SERVICE DIFFERNTIATING OF LIC AND BAJAJ ALLIANZ - a comparision on 7p's of se...Sunny Gandhi
LIC and Bajaj Allianz both utilize various communication channels. Within their organizations, they use websites and help centers to provide customers information. Outside their organizations, they rely on advertisements through television, radio, and social media to promote their brands and positioning. While LIC has traditionally focused on slogans emphasizing protection throughout life, Bajaj Allianz aims to position itself as offering comprehensive insurance solutions. Both companies prepare advertising to achieve communication objectives and effectively place their image in customers' minds.
Webinar on "Delivering on the Promise of Microinsurance: Putting Clients First"Impact Insurance Facility
Despite massive growth of microinsurance coverage, millions of poor households lack access to good value products. What can we learn from the pioneers about their struggle to offer quality products in a viable way? What product types and designs provide the best value for the poor? How does client-orientation contribute to the insurer’s bottom line?
This webinar focused on the performance of microinsurance providers from India, South Africa, Kenya and Peru, and examined drivers of profitability as well as strategies that contributed to providing value for customers.
Kurnia Asia Berhad was incorporated in Malaysia in 2001 and is the holding company for Kurnia Insurans (Malaysia) Berhad, the largest general insurer in Malaysia. Kurnia Insurans was incorporated in 1978 and has grown to become one of the most successful general insurers in the country, offering products like motor, medical, personal accident, and home insurance. Kurnia Asia aims to be a leading financial services group in ASEAN through its vision, mission, and values of knowledge, unity, nobility, resourcefulness, innovativeness, and ability.
CBIZ Quarterly Manufacturing & Distribution “Hot Topics” Newsletter (Sep-Oct ...CBIZ, Inc.
This issue delivers links to key resources, NAM’s Manufacturers’ Q3 Outlook Survey and four articles on key industry topics — 3 Ways Manufacturers Can Bridge Talent Gaps & Improve Product; Is It Time to Consider Group Captive Insurance?; Equal or Equitable – The Family Business Owner’s Dilemma; and Special Purpose Acquisition Companies (aka SPACs) Are Really Hot!
Staffing Industry CoVenture Industry DeckAli Hamed
The document discusses trends in the staffing industry, including the increasing prevalence of part-time and contract work. Some key points discussed are:
1) Rising costs of benefits for full-time employees have led companies to hire more part-time workers.
2) An aging population and mass retirement of baby boomers will further increase the supply of part-time workers seeking supplemental income.
3) Technologies have enabled new platforms for matching workers with services, as seen in companies like Uber, Work Pop, and Task Rabbit that facilitate part-time, contract and on-demand work.
This Time It's Personal: A human approach to profitable growth for insurersAccenture Insurance
Our research identifies that insurers can achieve profitable growth of 5 to 15 percent by taking a personalised approach to addressing customer needs. To convert the opportunity, insurers should follow our three-step path to value which, using data and analytics coupled with human insight techniques, creates and delivers hyper-personalised experiences that improve customer retention.
Chubb's Pandemic Business Interruption ProgramJasonSchupp1
On July 8, 2020, Chubb Insurance released its Pandemic Business Interruption Program. This video provides a short overview of the proposal.
The proposal is split into two parts.
Part I is called the Business Expense Insurance Program. This part is aimed at businesses with less than 500 employees. Up to $750 billion in payouts would be available through formula-based (parametric) benefits meant to facilitate quick and simple claims processes
Part II is Pandemic Re. This part applies to businesses with more than 500 employees. Up to $400 billion in payouts would be available through indemnity contracts covering actual expenses and go through the normal claims adjustment process.
The bulk of financial risk under $1.15 trillion program would sit with the federal government. Insurers would be responsible for up to $35 billion in losses.
Pragati Life Insurance Limited was established in 2000 with the motto "TRUST US for LIFE". It started with paid up capital of 30 million BDT and is owned by some renowned Bangladeshi business entrepreneurs. The company has grown significantly over the years, achieving a gross premium of 187.57 crore BDT in 2012. Pragati Life Insurance provides various individual and group insurance policies and has clear visions, missions, goals and objectives focused on customer satisfaction, ethical practices and benefitting stakeholders. It employs various risk management strategies and has experienced consistent growth in life fund and gross premium in recent years.
This document provides an overview of the insurance industry in Mongolia and details about Mandal Insurance. Some key points:
- The insurance industry in Mongolia is small, accounting for less than 1% of the financial sector, but has grown significantly in recent years.
- Mandal Insurance has experienced strong growth since being founded in 2011, increasing its gross written premium 15 times and nearly doubling its reserve funds every three years.
- Mandal aims to "reinvent insurance" in Mongolia by developing innovative products tailored to client needs, such as flexible premium payments and a new health insurance product.
- The company focuses on ethical practices like avoiding kickbacks and investing in client services rather than just reselling
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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Similar to Presentation Sunlife Insurance Company.pptx
This document contains information about an assignment submitted by a group of students to their professor. It includes the title of the assignment, names and IDs of group members, a letter of transmittal to the professor, an executive summary of the report, and an introduction that provides background information on the company analyzed in the report. The company is Republic Insurance Company Limited, and the report appears to evaluate the company's policies, performance, and financial ratios over multiple years.
This presentation provides an overview of Bajaj Allianz Life Insurance Company Ltd. It discusses the establishment of the joint venture between Bajaj Auto and Allianz AG. It then summarizes the strengths and weaknesses of Bajaj Allianz, as well as the opportunities and threats facing the company. Finally, it outlines the job responsibilities and training received by the presenter during their time working for Bajaj Allianz.
AUB Annual Report for 2022 online copy.pdfAntonOnato2
The annual report summarizes AUB's performance in 2022, its highest net income year yet. Some key highlights include:
- Net income reached PHP 6.3 billion, a 56% increase over 2021, driven by stronger core businesses as the Philippine economy reopened.
- Total assets grew to PHP 340.13 billion and deposits increased to PHP 288.79 billion.
- The bank remains focused on innovation, digitalization, and serving customers while maintaining a strong balance sheet and managing risks in a challenging economic environment.
- Partnerships and collaboration helped the bank achieve strong results and will continue to be important for navigating an uncertain future.
Insurance as an investment tool with regards to ULIP at Birla Sunlife InsuranceBhavesh Kundnani
The document is a report on a summer internship project about unit linked insurance plans (ULIPs) conducted by Bhavesh N. Kundnani for his MBA program. It includes an introduction, industry and company profiles, literature review, research methodology, data analysis, findings, conclusions, and recommendations. The key points are:
- The project examines ULIPs as an investment tool and analyzes customer awareness and preferences regarding ULIPs.
- It provides background on the insurance industry globally and in India, as well as an overview of Birla Sun Life Insurance Company where the internship took place.
- The research methodology section outlines the problem statement, objectives, sampling approach, and data analysis plan
XYZ Insurance Company is submitting a business plan to provide insurance services to its parent company, JSC XYZ Corporation, and small businesses in New Delhi, India. The plan outlines XYZ Insurance's objectives of profitability and growth. It analyzes the business environment and insurance market in New Delhi. The marketing plan focuses on attracting clients through direct marketing, conferences, and the company website. Financially, XYZ Insurance projects profitability in its second year of operation based on conservative forecasts and realistic sales projections to JSC XYZ Corporation and other clients.
This document brings together a set
of latest data points and publicly
available information relevant for
Insurance Industry. We are very
excited to share this content and believe that readers will benefit from this periodic publication immensely.
This document is a report submitted by students to their professor on case studies of Sandhani Life Insurance Company Ltd. It includes an executive summary, table of contents, introduction, and two case studies with analyses. The first part provides background on Sandhani Life, including its policies, vision, mission, objectives, and features. The two case studies examine specific insurance scenarios and policies, including issues of premiums, bonuses, surrender values, and education plans. Analyses include discussions of policy terms and conditions.
2014 Property & Casualty Insurance Industry Outlook: Innovation leading the wayDeloitte United States
On the surface the property and casualty sector appears to be doing quite well, but running an insurance carrier is rarely smooth sailing. The last few years have been particularly difficult for those occupying C-Suite positions, as more fundamental issues are threatening not only short-term results on their balance sheets, but challenging the long-term viability of their operating models as well.
For example, a growing number of insurers are facing significant organizational disruption. Many have made large-scale investments in technology, replacing core systems for claims, policy administration and finance. Their chief challenge now is how to effectively leverage the new systems they’ve put in place and maintain their momentum with additional innovations in personnel, products and culture.
Additionally, ongoing political gridlock in Washington could undermine an already unsteady economic recovery. Not to mention regulatory uncertainty that makes it difficult for carriers to plan ahead and determine operational priorities.
Innovation may ultimately be the key to keep insurers growing regardless of shifting economic and insurance market conditions, as they devise ways to thwart ongoing and emerging competitive threats as well as capitalize on new opportunities.
For more - visit http://www.deloitte.com/view/en_US/us/Industries/Insurance-Financial-Services/039bdd0819e23410VgnVCM3000003456f70aRCRD.htm
The Institute of Customer Experience Management (ICEM), the flagship institute of Aegis Global Academy, is the first-of-its-kind to offer an MBA equivalent program focused solely on customer experience management and customer-centricity.
SERVICE DIFFERNTIATING OF LIC AND BAJAJ ALLIANZ - a comparision on 7p's of se...Sunny Gandhi
LIC and Bajaj Allianz both utilize various communication channels. Within their organizations, they use websites and help centers to provide customers information. Outside their organizations, they rely on advertisements through television, radio, and social media to promote their brands and positioning. While LIC has traditionally focused on slogans emphasizing protection throughout life, Bajaj Allianz aims to position itself as offering comprehensive insurance solutions. Both companies prepare advertising to achieve communication objectives and effectively place their image in customers' minds.
Webinar on "Delivering on the Promise of Microinsurance: Putting Clients First"Impact Insurance Facility
Despite massive growth of microinsurance coverage, millions of poor households lack access to good value products. What can we learn from the pioneers about their struggle to offer quality products in a viable way? What product types and designs provide the best value for the poor? How does client-orientation contribute to the insurer’s bottom line?
This webinar focused on the performance of microinsurance providers from India, South Africa, Kenya and Peru, and examined drivers of profitability as well as strategies that contributed to providing value for customers.
Kurnia Asia Berhad was incorporated in Malaysia in 2001 and is the holding company for Kurnia Insurans (Malaysia) Berhad, the largest general insurer in Malaysia. Kurnia Insurans was incorporated in 1978 and has grown to become one of the most successful general insurers in the country, offering products like motor, medical, personal accident, and home insurance. Kurnia Asia aims to be a leading financial services group in ASEAN through its vision, mission, and values of knowledge, unity, nobility, resourcefulness, innovativeness, and ability.
CBIZ Quarterly Manufacturing & Distribution “Hot Topics” Newsletter (Sep-Oct ...CBIZ, Inc.
This issue delivers links to key resources, NAM’s Manufacturers’ Q3 Outlook Survey and four articles on key industry topics — 3 Ways Manufacturers Can Bridge Talent Gaps & Improve Product; Is It Time to Consider Group Captive Insurance?; Equal or Equitable – The Family Business Owner’s Dilemma; and Special Purpose Acquisition Companies (aka SPACs) Are Really Hot!
Staffing Industry CoVenture Industry DeckAli Hamed
The document discusses trends in the staffing industry, including the increasing prevalence of part-time and contract work. Some key points discussed are:
1) Rising costs of benefits for full-time employees have led companies to hire more part-time workers.
2) An aging population and mass retirement of baby boomers will further increase the supply of part-time workers seeking supplemental income.
3) Technologies have enabled new platforms for matching workers with services, as seen in companies like Uber, Work Pop, and Task Rabbit that facilitate part-time, contract and on-demand work.
This Time It's Personal: A human approach to profitable growth for insurersAccenture Insurance
Our research identifies that insurers can achieve profitable growth of 5 to 15 percent by taking a personalised approach to addressing customer needs. To convert the opportunity, insurers should follow our three-step path to value which, using data and analytics coupled with human insight techniques, creates and delivers hyper-personalised experiences that improve customer retention.
Chubb's Pandemic Business Interruption ProgramJasonSchupp1
On July 8, 2020, Chubb Insurance released its Pandemic Business Interruption Program. This video provides a short overview of the proposal.
The proposal is split into two parts.
Part I is called the Business Expense Insurance Program. This part is aimed at businesses with less than 500 employees. Up to $750 billion in payouts would be available through formula-based (parametric) benefits meant to facilitate quick and simple claims processes
Part II is Pandemic Re. This part applies to businesses with more than 500 employees. Up to $400 billion in payouts would be available through indemnity contracts covering actual expenses and go through the normal claims adjustment process.
The bulk of financial risk under $1.15 trillion program would sit with the federal government. Insurers would be responsible for up to $35 billion in losses.
Pragati Life Insurance Limited was established in 2000 with the motto "TRUST US for LIFE". It started with paid up capital of 30 million BDT and is owned by some renowned Bangladeshi business entrepreneurs. The company has grown significantly over the years, achieving a gross premium of 187.57 crore BDT in 2012. Pragati Life Insurance provides various individual and group insurance policies and has clear visions, missions, goals and objectives focused on customer satisfaction, ethical practices and benefitting stakeholders. It employs various risk management strategies and has experienced consistent growth in life fund and gross premium in recent years.
This document provides an overview of the insurance industry in Mongolia and details about Mandal Insurance. Some key points:
- The insurance industry in Mongolia is small, accounting for less than 1% of the financial sector, but has grown significantly in recent years.
- Mandal Insurance has experienced strong growth since being founded in 2011, increasing its gross written premium 15 times and nearly doubling its reserve funds every three years.
- Mandal aims to "reinvent insurance" in Mongolia by developing innovative products tailored to client needs, such as flexible premium payments and a new health insurance product.
- The company focuses on ethical practices like avoiding kickbacks and investing in client services rather than just reselling
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办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
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https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
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Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
4. Presented To:
Naima Haque
Assistant Professor
University of Information & Technology
Department of Business Studies
BBA Program
Course Name: Insurance & Risk Management
Course Code: FIN 429
Semester: Spring 2023
5. Vision & Mission
• Vision
1. To be a leading life insurance Company and to be a company with due solemnity
and corporate social responsibility to the society uphold by taking life risks of the
policyholders.
• Mission
1. To provide unequal service, protect our policy holders interest and contribute for
economic stabilization of the company.
2. To maintain stakeholders interest with fair and transparent operation.
6. Products & Services
1. Child Protection Assurance
2. Endowment Assurance
3. Three Payment Assurance
4. Renewable Group Term Assurance
5. Group Endowment Assurance
6. Mitali Bima (Premium Back Term)
7. Deposit pension Scheme
8. Biennial Payment Plan
9. Single Payment Scheme
10. Denmohor Bima
11. Hajj Bima Plan
7. Insurance Premium
• Premium
• Premium is an amount paid periodically to the insurer by the insured for covering his
risk.
• Gross Premium Vs. Net Premium
• The phrase "net premium" refers to an insurer's actual premium after any adjustments or
deductions have been made. Net premiums are the income the insurance company will
receive minus the expenses incurred by providing full coverage.
• The phrase "gross premium" refers to the total amount of premiums charged before any
adjustments or deductions have been made. In other words, it's the total cost of your
insurance policy before anything has been subtracted from it.
10. Gross Premium & Net Premium
103.67 105.45
81.03 80.71
108.46
102.96 105.4
80.75 80.62
108.12
0
10
20
30
40
50
60
70
80
90
100
110
120
2021 2020 2019 2018 2017
Gross premium (Cr.)
Net premium (Cr.)
Interpretation: First there is a downward trend for two years and then an upward trend for the next two years in both
Gross premium & Net premium which can be considered ok for the company since the growth of the company is slow.
11. TotalAsset & Current Liabilities
214.70
246.02
254.50
294.14
353.05
20.11 26.71 25.37
16.2 12.84
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
400.00
2021 2020 2019 2018 2017
Assets
Current Liabilities
Interpretation: There is a downward trend in total asset and an upward trend in current liabilities. Still total asset is
much higher than current liabilities. But the gap between the total asset and current liabilities is getting shorter each year
which indicates a negative sign for the company.
12. Profit & Reserve
126.05
182.44
192.15
240.86
303.6
32.77
1.11 1.21 1.31 1.42
0
50
100
150
200
250
300
350
2021 2020 2019 2018 2017
Net Profit Reserve
Interpretation: There is an downward trend in profit which indicates a negative sign. Though profit has been decreased,
reserve has been increased which indicates the company's strength.
13. Investment & Investment Income
105.11
125.57
140.93
159.8
200.34
5.79 5.10 7.51 10.47
17.56
0.00
50.00
100.00
150.00
200.00
250.00
2021 2020 2019 2018 2017
Investment
Investment
Income
Interpretation: There is a downward trend in in both Investment & Investment Income of the company that means
decrease in investment resulted in decrease of the investment income which indicates a negative sign for the company.
14. Recommendations
SICL can arrange seminars for the public and as well as for the employees so that the employees can get a proper
knowledge how to deal with customer and how to increase their network and facility.
SICL should increase their online facility. By this it can give and take facilities by setting in the desk.
SICL should improve its technological facilities and it should reduce its paper pencil works.
“Employee Recruitment Process”- should be done in a fare process so that appropriate and talented employees are
selected through the recruitment process and increase the productivity and quality of the service.
The most important thing that has come to my mind concerning their promotional activities is that they should go
for print or broad cast media for advertisement to make their customer aware about their range of services and
make the strong place in the customers‟ mind.
They should increase the number of Branches in all over the country.
15. Conclusion
The competition is increasing day by day between the insurance companies. SICL need to develop their
some productive sectors. At present, a company cannot establish properly without developing information
technology. The progress of insurance business depends on the progress of economic condition .Insurance
business also faces many problem. So if we develop economic condition as well as overcome the
problems, it will help a lot to flourish this business in our country. So, SICL should focus on those issues
to develop its growth and faith from its customers. SICL is proud to be a company that helps people in
time of trouble.