Sunday, March 29, 2009

M. Ramadoss - Videos

Opening remarks…

Lot of opportunities for chartered accountants in insurance

Insurance industry's balance sheet is highly subjective, necessitating professional skills

Different types of audit, including systems audit

How chartered accountants can assist in deciding the product mix of insurance offerings

Millions of third party claims are pending, and insurance companies are willing to settle these out of court

Risk management regarding piracy activity around Somalia

Risk evaluation - example - Insurance policy vs maintenance contract

Chartered accountants can highlight risk breaches

Most of the insurance companies in India are not listed and therefore disclosure of segment financials is lacking

Reduction in profit due to investments is Rs 150 crore, and premium rates are also falling…

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