Sunday, March 29, 2009

M. Ramadoss - Videos


Opening remarks…

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Lot of opportunities for chartered accountants in insurance

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

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Different types of audit, including systems audit

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

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

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Risk management regarding piracy activity around Somalia

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Risk evaluation - example - Insurance policy vs maintenance contract

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Chartered accountants can highlight risk breaches

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

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

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