NIA Library Blog - Insurance Library

We have moved on..

2010-08-06T16:21:00.001+05:30

Dear Users

This is to inform you that we have now moved on to new address http://nialibrary.blogspot.com/

You may again subscribe the new blog for updates

NIA LIBRARY

New Report Published by Insurance Technology

2009-12-22T13:47:00.003+05:30

In the report "Technology Leadership in Insurance: Insurance & Technology's Elite CIOs Report" it is mentioned that I&T's 2009 Elite 8 insurance technology leaders are rising to the challenges presented by tight budgets, an unsettled regulatory environment and untested new channels to seize opportunity amid crisis.

In this report following EXECUTIVES have shared their experiences.

Kevin Murray, AXA Equitable
Andy Edwardson, Farmers Alliance
Lori Beer, WellPoint
Robert Casale, MassMutual
Andy Wood, Wilton Re
Eileen Slevin, New York Life
Mark Berthiaume, Chubb Group
Keith Sievers, Unitrin Services Group

It also covers use of Web 2.0 tools and social media. The report is available for download on registration.

Webinar Series related to Insurance and Content Management

2009-09-18T14:14:00.002+05:30

Earley & Associates is hosting a free 4-part Jumpstart webinar series focused on Insurance and Content Management which is sponsored by ISN (Insurance Services Network) The series of 90-minute weekly webinars will bring together an exceptional list of industry and content management experts to address business concerns and technical know-how for educating insurance professionals on optimizing processes through effective content management.

The series contains following four sessions:

Content Management and Social Media for the Insurance Industry
September 24, 2009 - 1:00 - 2:30 EDT
Taxonomy and Metadata - State of the Practice in Insurance
October 01, 2009 - 1:00 - 2:30 EDT
Managing Knowledge and Collaboration in the Insurance Industry
October 08, 2009 - 1:00 - 2:30 EDT
Records Management and E Discovery for the Insurance Industry
October 15, 2009 - 1:00 - 2:30 EDT

For further session details and registration, go to http://www.isn-inc.com/link.aspx?l=2&mid=622&lid=96062

Insurance News

2009-03-19T16:01:00.003+05:30

Drive Less. Pay Less:
Have you ever heard about costs of auto insurance on Mileage-based? Well, it’s happening in Texas, USA. It’s really useful for people who drive less, and therefore pay less. MileMeter is the first company in the world to develop and get approval to offer an insurance by-the-mile program. There are many Customer Benefits of MileMeter.

No life Insurance for bad genes?
As reported by newspaper Sydney Morning Herald, in Australia insurance protection especially life insurance is now refused to people because of their genetic make-up, researchers have shown in the first study in the world to provide proof of genetic discrimination. Under industry guidelines, insurers cannot compel people to have a genetic test, but those who have been tested must reveal their results. It is only legal for companies to use this information if they can justify their decisions.

Ban on young drivers from using hands –free phone in UK
According to statement issued by Motor insurer yesinsurance.co.uk (www.yesinsurance.co.uk) the current law relating to driving and mobile phone usage should be amended to include a ban on using hands-free phones for drivers aged under 20. There is a growing body of research that indicates that drinking alcohol and using a hands-free mobile phone carry similar levels of risk," says Paul Purdy of yesinsurance.co.uk. Research conducted at the Transport Research Laboratory has found that drivers talking on both hand-held and hands-free mobile phones have on average 30 per cent slower reaction times than those who have been drinking, and 50 per cent slower times than sober drivers.

Neck size to reveal your health especially heart.
According to new research conducted in UK by Framingham Heart Study, the thickness of person's neck could reveal their risk of heart problems, which may be of interest to holders of private health insurance.

Latest Insurance News

2009-02-18T10:50:00.003+05:30

1. Issuing cheque with no money in account is fraud
Issuing a cheque with the knowledge that there are insufficient funds in the account comes within the ambit of fraud for which an insurance company is bound to pay claim to a policy holder, the Delhi Consumer Commission has held.

2. New insurance scheme with Rs.1.25 monthly premium on cards
The government will soon launch a new rural postal life insurance scheme at a monthly premium of Rs.1.25 for the rural people, Minister of State for Communications and IT Jyotiraditya Scindia said.

3. Insurance Hall of Shame 2008

The Coalition Against Insurance Fraud's Hall of Shame of Washington, USA reveals the previous year's largest, most-brazen or dumbest insurance schemes. Insurance fraud is an $80-billion crime annually, and has grown more violent and invasive in recent years. The No-Class of 2008 reflects that trend.

4. Reinsurers to increase prices by double digit

Reinsurance companies such as global leader Munich Re have been predicting that the damage to insurers' investment income and capital base from the financial crisis means they have to pay more for cover as reported by Insurance Journal

5. Cars injure 841,000 people a year - without crashing

As published on the consumer insurance information blog of Renaissance Alliance, USA, new Not-in-Traffic Surveillance study sheds light on the numbers and types of injuries that occur as a result of non-crash related accidents, statistics that hadn't previously been tracked. Annually, auto-related non-traffic accidents are estimated to cause 1,747 deaths and and 841,000 injuries, according to the National Highway Traffic Safety Administration, which conducted the study.

Here are some of the study findings, as reported by the Consumer Reports Car Blog:

· More than half of the non-crash fatalities in the study occurred when a vehicle fell on a person who was under it or from unintentional carbon monoxide poisoning
· About 20 percent of the non-crash injuries involved slamming fingers or other extremities in a car door or trunk, or resulted from overexertion when loading or unloading a vehicle or pushing a disabled vehicle
· Across all types of tragedies, about one-third of those injured and about half of those killed were not inside the vehicle at the time
· Other common hazards included vehicle fires, anti-freeze and battery-acid burns, and falling from a vehicle
· A significant 221 deaths, and 14,000 injuries resulted from pedestrians being backed over by a vehicle

National Knowledge Commission Launches Online Contest

2009-02-05T10:30:00.000+05:30

NKC's recommendations have been crafted to achieve the objective of tapping into India's enormous reservoir of knowledge, mobilising national talent and creating an empowered generation with access to tremendous possibilities for the 550 million youth.

To accelerate the process of reform and to create a groundswell of public opinion, NKC invites everyone to Online Contests.

Contest Period: 1 February – 1 March 2009
Categories: Film, Debate and Essay

Film Topic: Make a short film (not exceeding 6 mins)
1) How can I make a difference in transforming India

Debate Topics: Give your opinions in video format (not exceeding 4 mins each)
1) India will realise its demographic dividend in the next 15 years
2) Vocational education and training courses should be introduced in all schools

Essay Topics: Write your views (not exceeding 2000 words each)
1) How can India unleash its innovation and entrepreneurship potential?
2) Expansion, excellence and inclusion – the three challenges of the Indian education system

Important Dates
Contest Begins: Feb 1, 2009
Contest Closes: March 1, 2009
Results Declaration: March 10, 2009

Prizes
Winners get to meet Mr. Sam Pitroda
Cash Prizes of more than INR 1.5 lakhs
Certificates to first 500 entries

Log on to http://knowledgepor tal.in/contests to participate

Insurance Authorship Promotion Programme (15 April to 15 June 2009)

2009-01-31T10:35:00.003+05:30

ALMA MATER LIBRARY hereby offers extensive use of the library resources during 15 April to 15 June 2009 under the captioned programme.

OBJECTIVES: This Facilitative Programme is expected to enable participants:

1. To write/create/contribute for an insurance industry through an article, Project Report, Case studies, research paper, Synopsis, Ph.D. Thesis and so on.
2. To refer as many documents available with the library.
3. To experience academic environment for authorship/ research work.
4. To use library infrastructure facilities available at the Academy Library.
5. To create qualitative documents to be used by the future generation.

Participants’ Profile: Who wish to write/contribute for the Industry.
Seats – Only 20 on first come first serve basis.

Duration: Suitable days during 15 April - 15 June 2009.
Registration: Upto 31 March 2009
Coordinator: S. B. JOG Sr. Administrative Officer and Mrs. B.J.SANE, Chief Librarian
Participants are requested to bring Identity Card/Driving License/copy of residence proof.

Facilities Available -
1.Residential Accommodation: Rs. 300/- per day on sharing basis at ‘Sarvapalli’ Hostel. [Check –Out time is calculated on the basis of 24 hours from the arrival time. The stay extended for more than 6 hrs. after that will liable to pay charges for next day] Laundry services are available on payment. Incidental expenses like cost of telephone calls, etc. will have to be borne by the participants on actual basis.
2. Boarding: Boarding facilities Rs. 200/ day includes Morning Tea/coffee, Breakfast, evening tea/ coffee, Lunch, light refreshments in the evening and Dinner at Sarvapalli Dinning Hall.
3. Library Facilities: Participants may avail reference facility during the library hours i.e. 9 a.m. to 9 p.m. from Mondays to Saturdays except NIA holidays. Other facilities like photocopying and printing will be subject to copyright and will be charged separately as per the library practice.

Please get ‘Nomination Form’ for ‘IAPP 2009’ programme kindly send email.

Risk Reports Published

2009-01-29T12:26:00.003+05:30

Following two Risk reports are now available:

India@ Risk 2008

World Economic Forum’s Global Risk Network launched the India @ Risk 2008 report, in the lead-up to the India Economic Summit in New Delhi, India, 16-18 November 2008. The report, prepared in conjunction with the Confederation of Indian Industry (CII), presents the latest insights into trends, potential consequences and mitigation strategies relevant to key risk areas facing India:

• Economic Security: how the global financial crisis is likely to affect India and how the country will manage the current financial turmoil
• Energy Security: considering means by which India can improve its energy supply network and become a low carbon economy
• Agriculture and Food Security: improving agricultural productivity, addressing the problem of malnutrition and managing water resources
• National Security: how India can establish itself as a force for stability in the region and contain and address internal sources of instability

In preparing this report, experts and policy-makers from business, academia and non-governmental organizations were interviewed about what they consider to be the keys to India’s future growth, which risks might pose threats to progress, and how those risks might be mitigated.

Global Risks 2009

On 13th January 2009, World Economic Forum also published Global Risks 2009 , which identifies deteriorating fiscal positions, a hard landing in China, a collapse in asset prices, gaps in global governance and issues relating to natural resources and climate as the pivotal risks facing the world this year.

Published in cooperation with Citigroup, MMC (Marsh & McLennan Companies), Swiss Re, the Wharton School Risk Center and Zurich Financial Services, the report is based on a qualitative assessment of global risks, workshops and input from business leaders and experts consulted throughout 2008. This is the latest in a series of annual publications of the World Economic Forum and its partners in the financial services industry. Last year’s report accurately warned of an imminent systemic crisis in the financial sector as well as volatility in the energy market and food shortages.

Both the reports are available to users for download.

Effects of research findings on Insurance

2009-01-17T11:54:00.000+05:30

The insurance is vast subject considering various aspects it deals with our day-to-day life. Any new research findings may have direct or indirect impact on insurance if not immediate effect but in future. Few are listed below:

1. New device for jamming cell phones while driving:
Many people have habit of speaking on phone while driving which may lead to dangerous situation and calls for attention of motor insurers as well as life insurers. To avoid such situation, University of Utah researchers have created a car ignition key that prevents teenagers from talking on cell phones or sending text messages while driving

2. The oral hygiene affects heart disease:
One study suggested people with poor oral hygiene are more likely to suffer heart disease, which of course increases your probability of an early death… which impacts directly on life insurance!!

3. Mental Health Deteriorates During Recession:
New research in the United States and Europe has found that economic conditions directly affect the quality of mental health.

4. Insurance Market fails Women:
Research done by National Women’s Law Center (NWLC), Washington DC shows that insurance companies can refuse to sell women coverage due to any health history, and often charge women drastically higher premiums than men. In addition, the coverage is frequently both exorbitant in cost and limited in scope – often failing to cover women’s specific needs – such as maternity care.

Education through open access: Open Educational Resources

2009-01-15T10:29:00.001+05:30

The open access movement also plays an important role in education field now days, which will be benefited for society as everyone gets equal opportunity for free authoritative standard education. Internet has made great impact the way, people access and share information. This has resulted in increase in Open Educational Resources (OER). In this area ccLearn, which is a division of Creative Commons is dedicated to realizing the full potential of the Internet to support open learning and open educational resources. They have multiple projects, resources, publications etc. available on their websites useful for the organizations and people working in the area.

The latest publication mentioned on their website is titled as The Way Forward: Deliberations of an International Community of Interest by D’Antoni, Susan. UNESCO Feb 2008.

This document is a testament to the power of group deliberation in a vibrant virtual community. It presents the way forward for OER based upon the informed opinion of an international community, and sets out priorities for future action. It will be of interest to many readers from decision and policy makers at the national level to teachers and academics at the local level.

Best wishes for New Year

2009-01-05T15:57:00.005+05:30

Dear Users,

We wish you a very happy, prosperous and peaceful New Year to all.

The AML Holidays List for 2009 is now available for your ready reference, as library will be closed on these days and on Sundays.

Also the latest newsletter issue for January 2009 is now published which is devoted to the ‘victims’ of said acts of terrorism, which caused deaths and injuries to hundreds of innocent people and damage to valuable assets. In view of relevance to the Insurance business, News Coverage in detail is focused in the contents. With reference to terrorism risk, comments on various types of insurance covers and insurance company strategies during next few years will be helpful to our readers.

Your comments are most welcome.

Alma Mater Library

Innovation in the insurance industry

2008-12-29T11:22:00.004+05:30

To help the insurance industry meet their goals, IBM offers new approaches to address key strategic business issues like being more responsive to the market, quickly identifying and acting on opportunities and managing resources better.

To learn more about IBM’s perspective, read the white paper from the IBM Institute of Business Value. It is titled as “Insurance 2020: Now what? Exploring initiatives for innovation”This white paper details what insurers can do to embrace the change and innovation needed to succeed, including three approaches to business model innovation:

Industry model innovation—moving into new industries, redefining existing industries or creating entirely new ones, and identifying and leveraging unique assets.
Revenue model innovation—generating revenue by offering reconfigurable products and services and pricing models.
Enterprise model innovation—changing the extended enterprise and networks with employees, suppliers, customers and others, including capability and asset configuration

(Details as provided on the website of IBM)

Similarly, report titled as "Insurance 2020: Innovating beyond old models" is also published by IBM earlier.

Role of Insurance Companies towards Climate Change

2008-12-02T14:18:00.003+05:30

Today climate change due to global warming is hot topic not amongst only environmentalist, industries but also for insurance companies.

A new report is published on the topic which assessed the 41 insurance firms of UK Insurance Industry who have signed up to the ClimateWise initiative, a coalition designed to help co-ordinate the sector's response to climate change. The report has concluded that Insurance companies should be doing more to exploit the opportunities presented by climate change through the development of new products such as cover for carbon markets and rainforests.

Moreover, despite widespread acceptance that climate change risks, such as the increased frequency of severe weather events and rising sea levels, will pose a major threat to property and businesses, many insurers are still not considering climate change risks when developing corporate insurance policies.

It is suggested that research into the dangers of climate change is playing an important part in public policy making, while half of insurers have designed products or services to help customers reduce their carbon emissions.

In this direction, last week The European Commission announced €24.5m (£20m) in funding to a new World Bank-backed scheme designed to allow developing countries to take out insurance against the increased risk of climate-change related storms and extreme weather events.

Thus, Commission is the first donor to the Global Index Insurance Facility (GIIF), a scheme set up by the World Bank's International Finance Corporation (IFC) and intended to make it easier for African, Caribbean and Pacific countries to access insurance cover for extreme weather events.

It is expected to prove more effective than traditional insurance cover for developing countries because it does not require detailed and costly damage assessments and is based on easily verifiable indices, limiting the likelihood of payment disputes. As a result insurers enjoy lower costs and payouts can be made more swiftly to affected firms and populations.

The World Bank is hoping that the approach can provide a model for the insurance industry to emulate.

References:
1. Insurers urged to offer cover for carbon markets
2. EU backs climate change insurance model for developing world

Global Insurance Business

2008-11-14T14:07:00.001+05:30

Insurance industry world wide is trying to expand their business especially in new emerging markets. On this line a research report titled as “Barriers to Global Insurance Business Operations: The Situation in Brazil, China, India, Mexico and Russia” is published (January 2008) by The Geneva Association which is made available online. The report is authored by Julian Arkell.

In the foreword it is mentioned that it is contribution to the analysis and debate on issues surrounding the entry of foreign insurance companies into large emerging markets.

The report gives overview of global insurance in terms of business operations, insurance regulations, global trade issues and detailed picture of each of the five countries of the legal, market and trade situation, both particular to the insurance sector and more generally if relevant to commercial environment for insurers and consumers of insurance products. It also provides comparable factors and statistics on the five countries.

First National Education Day – 11 November 2008

2008-11-11T14:56:00.007+05:30

First National Education Day – 11 November 2008

Wish you ‘Happy Education Day’

Educational institutions at all levels across the country are celebrating November 11 as the 'National Education Day', commemorating the birthday of Maulana Abdul Kalam Azad, an eminent educationist and the first Union Minister of Education of independent India.

As India's Education Minister, Azad oversaw the establishment of a national education system with free primary education and modern institutions of higher education. He is also credited with the foundation of the University Grants Commission (UGC), an important institution to supervise and advance higher education in the nation.

President Pratibha Patil is inaugurating the National Education Day today in New Delhi. The Ministry of Human Resource Development, had on September 11, 2008 announced, "The Ministry has decided to commemorate the birthday of this great son of India by recalling his contribution to the cause of education in India. November 11 every year, from 2008 onwards, will be celebrated as the National Education Day, without declaring it a holiday".

In view of first National Education Day, this post is dedicated to Dr. S.R. Ranganathan, who is popularly known as "Father of Library Science" in India.

Alma Mater Library

We support Open Access

2008-09-30T16:43:00.008+05:30

First Open Access Day to be Held Oct. 14

SPARC (the Scholarly Publishing and Academic Resources Coalition; www.arl.org/sparc), the Public Library of Science (PLoS; http://www.plos.org/), and Students for FreeCulture (http://www.freeculture.org/) have jointly announced the first international Open Access Day. Building on the worldwide momentum toward Open Access to publicly funded research, Open Access Day is designed to create a key opportunity for the higher education community and the general public to understand more clearly the opportunities of wider access and use of content.

Open access has wider implications for all including students, researchers, publishers, academicians and also librarians!!!

To celebrate this occasion, Alma Mater Library (AML) would like to:

1. Create awareness about Open Access through News Updates by email
2. Announce sources of information available through Open Access
3. Initiate discussions amongst users about Open Access

We also welcome everybody's participation on this sensitive issue, which deals with our working, academic and professional life. Please do share your experiences.

Alma Mater Library

AML Blog

2008-08-26T12:46:00.003+05:30

Dear Users,

We are very happy to start this new service for our users. Our aim to keep in touch with our valuable users through this powerful tool of “Blogging”.

At the same time, we hope that our users will definitely appreciate this service as they can participate in this with their active support through comments & querries. Your feedback is very important to us!!

Advantages of the AMLBlog to users:

Interactive medium for users to communicate with library staff
Latest insurance news
Announcements from library regarding various activities and useful resources
Immediate alret through email subscription or by RSS mechanism which will keep you updated

Alma Mater Library Team

Library Membership

2008-08-13T17:14:00.002+05:30

The library membership is open to persons working in insurance companies especially in Pune. The fees and other details will be conveyed to persons interested individually. Please send your queries by email to bsane@niapune.com

Welcome to Alma Mater Library's Blog

2008-08-13T14:47:00.008+05:30

Dear Users

Our Alma Mater Library (AML) is more than 25 years old and is considered as best insurance library for both life and non-life insurance industry in India. Besides strong collection in Insurance area, library has good collection in Actuarial Science, Management, Finance, Economics, Training, General Awareness, and Entertainment.

We serve our parent organization National Insurance Academy (NIA) which is much known for its insurance academics and rejuvenating management development programmes as for its theme destinations. National Insurance Academy is located on a 32 acre land charming in every detail. Situated opposite to Chhatrapati Shivaji Sports City to the left of Mumbai-Bangalore Express Highway, the campus is 15 kms. from Pune Railway Station and 24 kms. from Pune Airport.

Mission:

To support Training, Education, Research & Publication architecture of NIA and NIASoM

Objectives:

1.To act as ‘knowledge resources provider’ for the insurance and allied industry personnel.
2.To inspire academic activities like reference, research and authorship.
3.To encourage extra curricular activities like environment management and social services.

Collection:

The collection includes:

Books – 20300+
Programme Folders – 1580+
Newspapers – 14
Journals – 164
Bound Volumes – 3000+
VCDs/CDs – 1650+

We are subscribing following databases:

SSC Online
EBSCO Business Source Elite
ProQuest Management Database by ABI Inform

Services Offered:

Information services like CAS (Current Awareness Service), SDI (Selective Dissemination of Information)
Reference service
Photocopy service
Bibliographies on demand
Circulation of documents
News Broadcasting
Key Words In Context (KWIC) service

Facilities provided:

OPAC (Online Public Access catalogue) and WebOPAC
Digital reference desks
Visitor log system
Acess 24X7 to:

Library Intranet
Alma Mater Academic Library (Digital Library)
Reading room