We had 3 events in the recent past which impacted overall business in India. One is 26/11 attacks, satyam fiasco and Financial crisis. Insurance companies are now issuing new types of policies for insurance coverages.
After 26/11 Mumbai attacks, Insurance companies have adopted new ways of assessing risk for terrorists strikes as part of their insurance coverage.
Now with Satyam impact, Insurance companies are issuing policies for Directors and Officers liability.
One more policy which is in demand these days are credit risk insurance coverage.
All these policies are not new out side India, but with increasing demand for new challenges , Insurance companies in India are also making business with globalised impacts.
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