Blockchain, as an emerging technology, has captured the attention of many industries. The ability of this technology to create distributed ledgers and de-centralize, has opened up several possibilities. Insurance industry, across the globe, has been on the look-out to see if blockchain can provide the technology support to address the challengesContinue Reading
Quite often UPR (Unearned Premium Reserve) and URR (Unexpired Risk Reserve) are used interchangeably. This is acceptable usually since the basic assumption is that the premiums collected are adequate from a technical price perspective. When that assumption is not valid, the usual practice of equating the two will not work.Continue Reading
Picking up a core system is one of the biggest IT challenges faced by insurance companies – irrespective of their size, geography of operation, number of years in operation etc. The challenges may differ slightly depending on whether it is a new company trying to get a system up orContinue Reading