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International risk management body PREMIA launches India chapter

“A gap in accounting skills do exist after the adoption of Core Banking Solutions by the Indian banks. This skill gap may lead to a fraud in a bank by a particular employee who understands the system better than others. There are few recent instances of big frauds happening due to this ethics deficit and the knowledge of few ethical staff members bringing these frauds into light, Rabi N Mishra, Principal General Manager, Reserve Bank of India  

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Reinsurance premium may go up for flood risk cover

“Incidents of floods in India seems to be regular in recent years. The reinsurers may ask the primary insurers to manage the risk with their premium rates. If the primary insurers want a catastrophic insurance cover, then the reinsurers may levy higher deductible to cut down on his own losses in case of flood losses,”

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Raheja Universal adopts title insurance policy from HDFC Ergo

“The policies will provide security to property developers and new age buyers against defects in title of the property. This regulation will bring a lot of confidence among buyers, bankers and financiers. The rising policy assurance in the market will also improve home financing options, while ensuring timely delivery of projects,”

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