All posts by Mayank Goyal

Studying - Actuarial Science & Chartered Accountancy (Final) Doing - Blogging, Web Developing,Running Winphan India & Entrepreneur'ing Done - App development, Social Media Managing, Event Managing & bla bla bla. Redmond Lover(Microsoft), London Dreamer(Actuary), California Thinker(Entrepreneur). Nothing much.

Brexit: The Impact on Actuarial and Insurance Market

A brief intro of Brexit-

British withdrawal from the European Union, often shortened to Brexit (a portmanteau of “British” or “Britain” and “exit”),  is a political goal that was pursued by various individuals, advocacy groups, and political parties since the United Kingdom (UK) joined the precursor of the European Union (EU) in 1973. Withdrawal (more…)

“Entrepreneurship and being an Actuary” – Innovation in Zimbabwe

People they there is nothing except Insurance. I’ve always dreamt of making it more than that, doing more than insurance and pensions. This is exactly complementary to my article on Insurance & Entrepreneurship. A must watch video to look at different aspects of what “else” you have power to do.

Douglas Hoto, an (more…)

If there is no Appointed Actuary, no approval for new products: IRDAI

The Insurance Regulatory and Development Authority of India (IRDAI) has tightened norms relating to Appointed Actuaries (AA) in insurance companies.

If there is no appointed actuary, the regulator will not approve new products.

“If there is no appointed actuary for a considerable period of time, say, more than one year, the companies will (more…)

Estimation of reduction in Expenses by 15-20% : Chief Actuary, HDFC Life

Policyholders are likely to get better returns on their life insurance policies from April as the regulator has asked insurers to bring down their overall expenses.

 In its exposure draft, the Insurance Regulatory and Development Authority of India (IRDAI) has asked insurers to bring down their overall expenses limit for various categories (more…)

#Actuaries words: Need more transparency in participating insurance plans

With the Insurance Laws (Amendment) Act, 2015, in place, foreign insurance companies have started to increase their stake in India. This puts focus on valuations and factors that drive valuations. Richard Holloway, managing director, South East Asia and India, life, Milliman Inc., and Sanket Kawatkar, principal and consulting actuary, life insurance (more…)

Chennai floods: says Insurers need to invest in actuarial capabilities

Insurance companies are likely to face claims worth Rs 1,000 crore, mainly due to business interruptions caused by damaged inventory of auto companies in Chennai.

Everyone is shocked after #ChennaiFloods but people, entrepreneurs and government is doing far better job to take back everything to normal. While it’ll (more…)