– Insurance Domain

Insurance field

Insurance Industry – Domain Knowledge

Are you looking for knowledge and key business information on the insurance industry?

brings you insurance industry overview, business model, value chain, competitive landscape and latest trends.
Insurance is a contract between two parties, the insurer or insurance company and the insured or the person applying for insurance, whereby the insurer undertakes to cover the risk of the insured against certain future events or losses specified, in exchange for a regular payment from the insured as a premium. The insurance industry is made up of a variety of stakeholders and provides products and services designed to protect businesses and individuals against risk. Players in the insurance industry offer risk coverage to their customers and must simultaneously manage their own risks to ensure the competitiveness and profitability of their business model. Insurance companies are adopting strategies unique to the environment in which they operate to overcome these challenges and propel growth and market share in a global environment. This section helps learners understand key concepts, terminology, issues and challenges associated with the insurance industry.

Discover the different dynamics and challenges in the field of the insurance industry. Rapidly improve your business acumen and speak like an expert and impress your stakeholders at your next meeting!

Insurance principles

This article helps the student understand the legal principles and provisions of insurance law. Starting from the fundamental principles from which the law derives, this article helps the student to understand the salient aspects of any insurance contract, the rights and obligations of the parties to the contract and the legal environment in which the practice of insurance is exercised. insurance. Discover the seven most important principles of insurance.

Parties to the insurance contract

There are two parts to the insurance contract. Understand these parties and their definition in the insurance contract. Learners will learn about the main stakeholders in the insurance industry as well as a classification of internal and external stakeholders.

Insurance glossary

An article to explain key terms used in the insurance industry and insurance business. Also learn about the various operational and performance metrics used in the insurance industry. Learn the definition and meaning of insurance industry terms like insured, insurer, claim, reinsurance, policy and policy premium, etc.

What are finances?  Meaning, definition and characteristics of finance

Finance is the science of managing money. Finance includes banking, credit, investments, assets and liabilities. The finance function encompasses a variety of functions, activities and processes. Finance also includes financial systems. Acquisition, allocation, use and channeling of funds to maximize shareholder wealth. Finance includes public, personal and business finance.

BFSI Industry Overview

BFSI is an acronym for Banking, Financial Services and Insurance and popular as an industry term for companies that provide a range of these products/services and is commonly used by IT/ITES/BPO companies and technical services companies/ professionals who handle data processing. , application testing and software development activities in this area. Banking services can include basic, retail, private, corporate, investment, card banking, etc. Financial services can include stock brokerage, payment gateways, mutual funds, etc. The insurance covers both life and non-life.