Suga consulting-services-industrial-risk-management-&-industrial-insurance-v0.3

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By N.Sugavanam, M.A., MBA, F.I.I.I, CEO & Chief Strategic Consultant SUGA Consulting Services [email protected] [email protected] Mobile: AirTel: 99400-58497 BSNL: 94454-37117

description

SUGA Consulting Services is specialized in Insurance Software Consulting and having 20+ Man years of Track Record in the following insurance software service activitiesProviding Subject Matter Expertise (SME) in Property & Casualty (P&C) Insurance in Global Insurance Business Practice for various Geographies of the worldUSA / Canada, Europe / UK, Middle East Countries, Asia Pacific Countries, India, China etcInsurance Software Product Solution designing and developmentInsurance Software Project Management for Insurance Software ProjectsInsurance Software Requirement Management ServicesInsurance Business Analysis and consulting Services and Client handling in various SDLC of the Insurance ProjectsBusiness Requirements, Insurance System Designing, Development, ImplementationInsurance Software Testing Services

Transcript of Suga consulting-services-industrial-risk-management-&-industrial-insurance-v0.3

Page 1: Suga consulting-services-industrial-risk-management-&-industrial-insurance-v0.3

By N.Sugavanam, M.A., MBA, F.I.I.I, CEO & Chief Strategic Consultant

SUGA Consulting [email protected]

[email protected] Mobile: AirTel: 99400-58497

BSNL: 94454-37117

Page 2: Suga consulting-services-industrial-risk-management-&-industrial-insurance-v0.3

Industrial Risk ManagementThe Scope and Objectives of Risk

Management in Industries and BusinessRisk Management ProcessesRisk IdentificationRisk EvaluationRisk Avoidance, Reduction and Loss ControlRisk RetentionRisk MitigationRisk Transfer and Insurance

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Risk Management through InsuranceInsurance protects the Industrial Organizations

from financial loss, and saves the organizations from Financial Risks

Premium is the consideration paid by industrialists to protect the organisation from Financial risk

Sum Insured is the coverage provided by Insurance companies from Financial loss or damage

Insurance Policy Contract describes all the details of Coverages, Exclusions, Conditions and Warraties

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Introduction to Industrial InsuranceEssential Laws Governing Insurance

The Insurance act, 1938(As amended)Life Insurance act, 1956General Insurance Business (Nationalisation)

Act, 1973.Insurance Regulatory & Development

Authority Compliances

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Essential Laws dealing with InsuranceMotor vehicles Act, 1963 & 1988.The Inland Steam Vessels Act, 1917 (as

amended). Marine Insurance Act, 1963.The Carriage of Good by sea Act ,1925The Merchant Shipping Act, 1958.The Indian Railway Act,1890(as amended)The Carriers Act,1865The Carriage by Air Act, 1972.Multi Modal Transportation Act,1993

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Essential Laws dealing with Insurance – contd… Employees Stamp Act, 1899.Consumer Protection Act,1996Lok AdalatsPubic Liability Insurance Act, 1991.Exchange Control Regulations

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Insurance Products / Schemes Required for Industries / Business - 1Fire Insurance Coverage Standard Fire Policies –Specified Perils vs All

RisksReinstatement Value PoliciesBuilding in Course of Construction / Erection Consequential Loss (Fire) Insurance Type of Marine PoliciesMarine Cargo InsuranceMarine Hull Insurance

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Insurance Products / Schemes Required for Industries / Business - 2Industrial All Risk Insurance Project And Advance Loss of Profits InsuranceMotor InsuranceThird Party Insurance on Inland VesselsPersonal Accident Insurance Mediclaim PoliciesBurglary Insurance Legal Liability InsuranceFidelity Guarantee Insurance

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Insurance Products / Schemes Required for Industries / Business - 3Engineering Insurance Electronic Equipment InsuranceComputer InsuranceAviation Insurance Oil and Gas InsuranceSatellite Insurance

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Page 10: Suga consulting-services-industrial-risk-management-&-industrial-insurance-v0.3

N.Sugavanam, M.A., MBA, F.I.I.I, CEO & Chief Strategic Consultant

SUGA Consulting [email protected]

[email protected] Mobile: AirTel: 99400-58497

BSNL: 94454-37117

Friday, April 7, 2023 10SUGA = Success Unlimited Guaranteed Always...