From
the Editor
I am happy to place in your hands the latest issue
of Bimaquest. This issue contains papers touching upon a wide variety of
insurance issues of contemporary interest.
The first paper by Dr. Rajas Parchure gives a formal
proof that introduction of derivatives makes the market for the underlying
asset more resilient to external shocks, and thus imparts stability to the
financial markets.
Dr. K C Mishra in his paper looks at the pricing
aspects of deposit insurance and examines conditions under which offering
deposit insurance is a viable proposition.
Mr. A B Pandey’s paper contains an informative
discussion on the exposure of the Indian subcontinent to earthquake risk based
on technical geological data. It also explores the challenges Indian insurers
face in offering earthquake insurance.
Mr. Anurag Rastogi deals with the issue of
estimation of Incurred But Not Reported Claims (IBNR). Adequate provisioning of
IBNR claims is crucial for pricing as well as financial reporting purposes, he
makes out a case for use of sound actuarial techniques for the same.
The joint paper by Mr. S Chandrasekhar and Mr. R Das
offers a conceptual discussion of Data Warehousing, Data Mining, and CRM. The
authors demonstrate with the help of an insurance sector case study the utility
of IT enabled techniques for identification of cross selling and up selling
opportunities.