Insurance Surveyors and Loss Assessors License
Insurance firms are set up to cover losses of individuals and companies. Insurance is a system of indemnity in which the insurance firm would indemnify the party in case of loss or other forms of financial burden. When the policyholder takes out insurance for a property, the insurance company will send an insurance surveyor to calculate the amount of loss. Once this occurs, the insurance company would enter into a contract with the policyholder setting out the terms of the contract and the insurance payable to the policyholder. Surveyors and l
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Overview of Insurance Marketing Firm License
Insurance marketing firm is a new form of business and distribution channel in the insurance sector. This was brought out by one of the insurance committees in 2007. A group of companies were set up to market the products related to insurance and mutual funds sales. Apart from this, the main plan was to sell stocks, pension plans, and financial services.
Insurance Marketing Firms conduct similar services related to an insurance distribution firm. An entity to operate as an insurance marketing firm should secure an insurance marketing firm Licen
Insurance marketing firm is a new form of business and distribution channel in the insurance sector. This was brought out by one of the insurance committees in 2007. A group of companies were set up to market the products related to insurance and mutual funds sales. Apart from this, the main plan was to sell stocks, pension plans, and financial services.
Insurance Marketing Firms conduct similar services related to an insurance distribution firm. An entity to operate as an insurance marketing firm should secure an insurance marketing firm Licen
Insurance Brokers are companies and individuals that represent insurance companies. Insurance brokers provide policies to customers on behalf of companies. For insurance and reinsurance business to smoothly function properly, there are requirements to follow rules and procedures under insurance brokering licensing. Brokers must be registered with the Insurance Regulatory and Development Authority (IRDAI). These brokers need to submit periodic returns. The IRDAI would require insurance brokers to acquire an Insurance Broker License.
Insurance Web Aggregator License
An Insurance web aggregator is an intermediary or an insurance company that provides information about the insurance offered by different companies through a website or an online portal.
It compares insurance products and their prices on such an online platform to help the customers analyse the best product and make an informed decision before buying any insurance product. The Insurance web aggregator is a business entity registered under the Companies Act 2013 or 1956 and regulated by the Insurance Regulatory and Development Authority of India ( Insura
An Insurance web aggregator is an intermediary or an insurance company that provides information about the insurance offered by different companies through a website or an online portal.
It compares insurance products and their prices on such an online platform to help the customers analyse the best product and make an informed decision before buying any insurance product. The Insurance web aggregator is a business entity registered under the Companies Act 2013 or 1956 and regulated by the Insurance Regulatory and Development Authority of India ( Insura
IRDAI Regulatory Sandbox Overview
Regulators throughout the world must balance protecting consumer interests with encouraging innovation without being overly restrictive. Many nations have chosen a "Regulatory Sandbox"-based strategy to address this issue, in which the regulator closely collaborates with up-and-coming companies. The regulatory sandboxes in India are still in the development stage, and authorities are still fine-tuning their regulations. The IRDAI Regulatory Sandbox is essential to the expansion, investment, and adoption of innovation in the insurance sector, protecting consu
Regulators throughout the world must balance protecting consumer interests with encouraging innovation without being overly restrictive. Many nations have chosen a "Regulatory Sandbox"-based strategy to address this issue, in which the regulator closely collaborates with up-and-coming companies. The regulatory sandboxes in India are still in the development stage, and authorities are still fine-tuning their regulations. The IRDAI Regulatory Sandbox is essential to the expansion, investment, and adoption of innovation in the insurance sector, protecting consu
Insurance Self Network Platform (ISNP Certification)
Various businesses today have adopted internet to get a viable advantage. However, insurance sector has been slightly slow to do so. The insurance sector finally decided to promote e-commerce in the insurance space when IRDAI through ISNP provided the way for insurer or insurance intermediary to undertake insurance e-commerce activities in India. ISNP is an e-commerce portal for dealing with insurance services in India. It assists brokers or firms to sell policies in a cost efficient manner. The Insurance Self Network Platform is set up by
Various businesses today have adopted internet to get a viable advantage. However, insurance sector has been slightly slow to do so. The insurance sector finally decided to promote e-commerce in the insurance space when IRDAI through ISNP provided the way for insurer or insurance intermediary to undertake insurance e-commerce activities in India. ISNP is an e-commerce portal for dealing with insurance services in India. It assists brokers or firms to sell policies in a cost efficient manner. The Insurance Self Network Platform is set up by
Overview of Insurance Web Aggregator Legal Support
Insurance Web Aggregator is a business entity that maintains a website to provide information about the different insurance policies offered by insurance companies. The web aggregators act as an intermediary between the insurance company and the customer. They collect and compile such information and upload it on their website to help the customer choose the best policy's per their requirements.
The outbreak of COVID -19 has led to a growth in the insurance sector as more and more people have released the importance of insurance. This has
Insurance Web Aggregator is a business entity that maintains a website to provide information about the different insurance policies offered by insurance companies. The web aggregators act as an intermediary between the insurance company and the customer. They collect and compile such information and upload it on their website to help the customer choose the best policy's per their requirements.
The outbreak of COVID -19 has led to a growth in the insurance sector as more and more people have released the importance of insurance. This has
Who is Merchant Banker?
In accordance to Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992, a merchant banker is defined under section 2 clause (cb) as any person who is engaged in the business of issue management either by making arrangement regarding buying, selling or subscribing to securities or acting as consultant, manager or rendering corporate advisory services in relation to such issue management.
Merchant bankers advise entrepreneurs right from the stage of a conception of the project till the commencement of production and they are in charge of the iss
In accordance to Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992, a merchant banker is defined under section 2 clause (cb) as any person who is engaged in the business of issue management either by making arrangement regarding buying, selling or subscribing to securities or acting as consultant, manager or rendering corporate advisory services in relation to such issue management.
Merchant bankers advise entrepreneurs right from the stage of a conception of the project till the commencement of production and they are in charge of the iss