kya yaar, abhi se kyun ye sab bata rahe ho? There is always some loss due to underwriting. Agar itni buri haalat hoti to itna bada recruitment nahi karti. Aur tum ho na jo apni branch ka profit badhoge. 7-8 saal se pehle aajkal kisi govt. dept. (except IAS,IPS) me promotion nahi hota. chill yaar, aur waise bhi 4 saal se pehle to nikaal hi nahi sakte, then u have all the private sector to go.
ap to serious ho gaye pandit ji sabh chord rahe hain ...hum ne bhe ...ao se realted knhe khuch dekha copy paste kar diya....bas ...baki ap khudh dkh lo
ap to serious ho gaye pandit ji sabh chord rahe hain ...hum ne bhe ...ao se realted knhe khuch dekha copy paste kar diya....bas ...baki ap khudh dkh lo
THE TOTAL U/W LOSS OF THE 4 PSU FOR LAST YEAR 6000 CRORES I.E THE OPERATIONAL LOSS. THESE COMPANIES ARE EXISTING ON THEIR INVESTMENT INCOME ONLY.
PAST 5 YEAR LOSS OF ALL 4 PSU 15000 CRORES
FINANCE MINISTER GIVEN LETTERS TO ALL CMD TO CLOSE BRANCHES MAKING LOSSES FOR 5 YR OR MERGE THE BRANCH.
GROWTH IS VERY SLOW. IT TAKES NEARLY 6-7 YEARS TO GET PROMOTION. SALARY DOESNOT MATTER ALLOWANCES ARE LESS FROM ANY BANK.
IF U WANT TO JOIN BSNL/AIR INDIA/ KING FISHER THEN JOIN THE 4 PSU.
IT IS DUE TO PRIE WAR AND U KNOW THE WAR WILL STOP ONLY BY CLOSING OF SOME COMPANY.
IF U WANT MORE THEN JUST TYPE - GENERAL INSURANCE NEWS , OR GENERAL INSURANE NEWS FINANCE MINISTER IN GOOGLE.
OR NEWS IN BUSINESS STANDARD. EVEN GIC RE POSTED 1500 CRORE LOSS THIS YEAR.
Foreign investors/companies/recruiters have already started recruiting people for their Indian Branches and operations. GO and see Vacancies of insurance related companies other than searching for Loses and all.
Check out this. Though this I am copy pasting from my college job referral group on fb but it's okay I guess.
Hi All,
There are multiple openings in a leading US based insurance group for their India branch for CFR role.Interested people can forward their resume to *********************
or Contact :Gunjan, +91 124 409 9922 , +91 9717072299
Designation :Consultant Financial Control
Experience: 1 €“ 5 years (Insurance or Reinsurance Operations would be plus)
Location : Gurgaon
Qualifications: Bachelors / Masters Degree in Computers Science / IT / MCA / Mathematics / Economics or equivalent.
Key Areas of Responsibilities may include:
Develop analytical model/tools.
Handle large databases and be able to design and implement automation of manual processes.
Skills Required:
Strong in problem solving and analytical skills.
Experience in handling large databases SQL (MS-SQL and Access programming)
Knowledge & Understanding of MS-Office tools and their programming in VB.
Programming skills in VB 6.0 / VBA would be desirable
RDBMS : Experience in MS SQL Server would be and added advantage
THE TOTAL U/W LOSS OF THE 4 PSU FOR LAST YEAR 6000 CRORES I.E THE OPERATIONAL LOSS. THESE COMPANIES ARE EXISTING ON THEIR INVESTMENT INCOME ONLY.
PAST 5 YEAR LOSS OF ALL 4 PSU 15000 CRORES
FINANCE MINISTER GIVEN LETTERS TO ALL CMD TO CLOSE BRANCHES MAKING LOSSES FOR 5 YR OR MERGE THE BRANCH.
GROWTH IS VERY SLOW. IT TAKES NEARLY 6-7 YEARS TO GET PROMOTION. SALARY DOESNOT MATTER ALLOWANCES ARE LESS FROM ANY BANK.
IF U WANT TO JOIN BSNL/AIR INDIA/ KING FISHER THEN JOIN THE 4 PSU.
IT IS DUE TO PRIE WAR AND U KNOW THE WAR WILL STOP ONLY BY CLOSING OF SOME COMPANY.
IF U WANT MORE THEN JUST TYPE - GENERAL INSURANCE NEWS , OR GENERAL INSURANE NEWS FINANCE MINISTER IN GOOGLE.
OR NEWS IN BUSINESS STANDARD. EVEN GIC RE POSTED 1500 CRORE LOSS THIS YEAR.
Bro I just want to tell u that insurance industry doesn't earn profit from premium amount. The premium amount is mostly less than the claimed amount. So the firm always incurred loss as underwriting but it doesn't mean that firm is running on loss. The earn profit by investing this premium amount on short term projects and earn interest on that which was used in cutting underwriting losses and the amount left is treated as net profit. So you need not to worry about underwriting losses they always exist. And company didn't do anything about them because for this they have to increase premium amount and which will leads to customer dissatisfaction................
U can understand it with below pasted example:
Say 1000 motor cars valued @ 300000/- are observed over a period of five years. On an average say per year two are total loss by accident. Then the total annual loss would be Rs.600000. If the loss is to shared by all the thousand owners then they have to contribute Rs.600/-
The loss experience will be established by taking the past experience, geographical area in which the vehicles are used and density of traffic.
But mostly the total loss is more than 600000. So lets take it as a 650000. So till this point firm earn a loss of 50000. But firm doesn't kept this 600000 in safe(tijory) for the whole year. So they further invested it into short term projects from where they will get interest and out of that interest they pay underwriting losses and also earn profit for growth of the firm.
Bro I just want to tell u that insurance industry doesn't earn profit from premium amount. The premium amount is mostly less than the claimed amount. So the firm always incurred loss as underwriting but it doesn't mean that firm is running on loss. The earn profit by investing this premium amount on short term projects and earn interest on that which was used in cutting underwriting losses and the amount left is treated as net profit. So you need not to worry about underwriting losses they always exist. And company didn't do anything about them because for this they have to increase premium amount and which will leads to customer dissatisfaction................
U can understand it with below pasted example:
Say 1000 motor cars valued @ 300000/- are observed over a period of five years. On an average say per year two are total loss by accident. Then the total annual loss would be Rs.600000. If the loss is to shared by all the thousand owners then they have to contribute Rs.600/-
The loss experience will be established by taking the past experience, geographical area in which the vehicles are used and density of traffic.
But mostly the total loss is more than 600000. So lets take it as a 650000. So till this point firm earn a loss of 50000. But firm doesn't kept this 600000 in safe(tijory) for the whole year. So they further invested it into short term projects from where they will get interest and out of that interest they pay underwriting losses and also earn profit for growth of the firm.
Add to this the cases when the firm earns primary profit i.e. from positive side of law of averages as negative side is loss due to underwriting + the cases rejected by the firm (such as in fake accident cases or when the firm rejects one person's insurance claim based on technicality). P.S. - There are other kinds of losses incurred also.
Add to this the cases when the firm earns primary profit i.e. from positive side of law of averages as negative side is loss due to underwriting + the cases rejected by the firm (such as in fake accident cases or when the firm rejects one person's insurance claim based on technicality). P.S. - There are other kinds of losses incurred also.
As per information from my sources we get promoted to scale to within 4-5 years. Not sure but surety is present in any other department too... So hope for the best, Let's NICL select us first then we will think about all these things.....
Foreign investors/companies/recruiters have already started recruiting people for their Indian Branches and operations.GO and see Vacancies of insurance related companies other than searching for Loses and all.Check out this.Though this I am copy pasting from my college job referral group on fb but it's okay I guess.
Hi All,
There are multiple openings in a leading US based insurance group for their India branch for CFR role.Interested people can forward their resume to *********************
or Contact :Gunjan, +91 124 409 9922 , +91 9717072299
Designation :Consultant Financial Control
Experience: 1 €“ 5 years (Insurance or Reinsurance Operations would be plus)
Location : Gurgaon
Qualifications: Bachelors / Masters Degree in Computers Science / IT / MCA / Mathematics / Economics or equivalent.
Key Areas of Responsibilities may include:
Develop analytical model/tools.
Handle large databases and be able to design and implement automation of manual processes.
Skills Required:
Strong in problem solving and analytical skills.
Experience in handling large databases SQL (MS-SQL and Access programming)
Knowledge & Understanding of MS-Office tools and their programming in VB.
Programming skills in VB 6.0 / VBA would be desirable
RDBMS : Experience in MS SQL Server would be and added advantage
MS Access is a plus
yar ynha p khuch bola crime thora hai mene bola bhe hain yeah kise na ...orkut p post kiya tha wnha se mene copy paste kiya tha.,.....mere pas vehla time hain but itna bhe nhe ki ...ajj se 5 sal bad hone wale ....incidents abhe se perdict karne shuru kar dunh ....it was just a view f sm one tht i pasted here galti ho gayi bhyi age se dhya rakhyunga
bas panditji ekdum free hai aajkal to .. medical to formality hai ... height , weight , bp urine sample hota hai nothing much to worry , salary wahi inhand 30 ke aaspass ka suna hai .. baki jab haath main aayegi tab bataynege aapko exact
Aap kaise ho ? kya kya hua medical me?? salary ki kuchh details pata chali??
