Assignment
- 2
Banking and
Insurance Operations (MB 927)
MBA 4th
Semester Jan-Apr 2014
Date of Assignment: 19th
Mar 2014
Last Date of
Submission: 25th Mar 2014 11:00 am Max Marks:
10
Assignment
writing guidelines
1.
Your lecture notes will give you the basic
framework ONLY of the ideas, theories and concepts you will need to
complete the assignment. These notes will therefore NOT be sufficient on
their own. You will need to make use of the required reading, extra references
and any other material you come across in the course of researching your
assignment Question(s).
2. When you are taking notes for your assignment, try and `translate' what
the author is saying into your own words. Don't just copy out huge chunks from
other people’s work, otherwise they will probably end up in your assignment
with very little of the wording changed (which is plagiarism). Also try to
think about what is being said from your own point of view - do you agree or
disagree with the points that the author is making?
3. Take down basic points from as many sources as you can manage and
compare what the authors are saying as you are reading. There will be both
similarities and differences in their views and it helps if you can begin to
classify authors together.
4. Remember, for referencing purposes, to take down page numbers of all the
quotes you reproduce from other people’s work, and full citation details for
each source you use. See the referencing guidelines for details of how to
reference academic work.
5. Try to stick to the introduction/
discussion/ conclusion format in your Assignment for Q2 – i.e., set the context of the essay
and outline the structure of your argument, cover the relevant material, and
then tie the discussion up by summarizing what has been said and offering YOUR
opinion on what the question is asking about, based on the sources you have
used. Restrict to 500 words maximum.
6. You will be
assigned one question each (for Q2). The question No will be given to you by
your instructor and all questions will be posted on the blog spot.
7. The Assignment
has to be posted on the blog spot http://gjimt2014managersf1.blogspot.com & http://gjimt2014managersf2.blogspot.com as new blog
by 11:00 am of 25th of Mar 2014 by each one of you. The subject line
should contain your roll no, name, section, Question No and the Question e.g.
<1234567 Gurdeepak Singh, F1, Q23 – Why Euro Crisis is affecting Global
economy?>
Q1) To
be done individually. You have to
interview your best friend from the MBA – 2nd year batch – The
Seniors (the friend can’t be from your MBA Class) with a questionnaire prepared
by you and then interview the chosen friend and record on video? There should not be more than 3 questions with
40 seconds of video maximum and one student can’t be interviewed twice. The
interview should highlight the hidden skills of your best friend which the MBA
senior class is not aware of? Then
upload the video on YouTube and post the link in the blogspot by giving the
title [Your Roll No - Your name – Section – Senior’s name you have interviewed
– Senior section] e.g <1234567 - Ramandeep – F1 – Rampal – MBA F2>. -
5 marks
Q2) All
questions are on Insurance - 5 marks
1.
Comment
on Slowing growth
2.
Comment
on Rising costs
3.
Comment
on Deteriorating distribution structure
4.
Comment
on Stalled reforms
5.
Comment on insurance industry landscape in
Asia-Pacific
6.
Despite
strong improvement in penetration and density in the last 10 years, India
largely remains an under-penetrated market. Comment?
7.
The
market today is primarily dependent on push, tax incentives and mandatory
buying for sales. Why?
8.
In
the long run the insurance industry is still poised for a strong growth as the
domestic economy is expected to grow steadily. Comment
9. Comment on Insurance growth drivers
in India
10. Comment on Growing of the financial industry as a whole
11. Comment on Growth of life and non-life industry
12. Comment on Promoting innovation and removing inefficiency in
Insurance Industry
13. Comment on Competition and orderly growth in the sector
14. Comment on Growth of specific insurance segments such as
motor insurance
15. Comment on Emerging trends in
Insurance Sector
16. Comment on Multi-distribution i.e. increasing penetration
through new modes of distribution such as the internet, direct and telemarketing
and NGOs
17. Comment on Product innovation i.e. increased levels of
customization through product innovation
18. Comment on Claims management i.e. timely and efficient
management of claims to prevent delays which can increase the claims cost
19. Comment on Profitable growth i.e. expanding product range,
developing innovative products and expanding distribution channels
20. Comment on Regulatory trends i.e. mandated regulatory
changes by the IRDA to promote a competitive environment in both the life and
non-life insurance sectors
21. Discuss the key challenges in Life
Insurance
22. In FY12, the life insurance industry witnessed a decline in
the first year premium collected which dropped from INR1, 258 billion in FY11
to INR1, 142 billion, a drop of approximately 10%. Comment on reasons?
23. Comment on Products strategy and design in the present
scenario
24. Comment on Cost factor in the Insurance sector
25. Comment on Taxation part of Insurance sector
26. How effective is Distribution in Insurance sector
27. Comment on Prospects and challenges of various channels in
Insurance
28. Comment on Compensation in Insurance sector
29. Comment on Customer service in Insurance sector
30. Comment on Governance and regulatory issues in Insurance
sector
31. Comment on factors impacting
growth in Non-life insurance
32. The non-life insurance industry has been growing in excess
of 20% over the last two years however the penetration was as low as 0.7% of
the GDP in FY10. Comment?
33. Comment on Product pricing, innovation and simplicity in
Non-Life Insurance
34. Comment on Distribution in Non-Life Insurance
35. Comment on Compensation in Non-Life Insurance
36. Comment on Micro-insurance in non-life widening reach
37. Comment on Governance and regulatory changes in Non-Life
Insurance
38. Comment on Health insurance
39. Comment on Innovative products to counter the competition in
Non-Life Insurance
40. Comment on Improved fraud control mechanisms in Non-Life
Insurance
41. Comment on Standardization to reduce claims loss in Non-Life
Insurance
42. Comment on Reducing inefficiencies by revisiting third party
administrator (TPA) agreements in Non-Life Insurance
43. The Indian insurance market is poised for strong growth in
the long run. Comment
44. The insurance market has a considerable amount of latent
potential, given the fact that the Indian economy is expected to do well in the
coming decades leading to increase in per capita incomes and awareness. Comment
45. Comment on product innovation matching the risk profile of
the policy holders
46. Comment on Re engineering the distribution in Insurance
sector
47. Comment on making sales and marketing more responsible and
answerable in Insurance industry.
48. The alignment of economic incentives with distribution
dynamics should be driven by market forces rather than regulatory intervention.
Comment
49. The Insurance industry should be given time to adjust to
regulatory changes in a phased manner aligned with a regulatory impact
assessment. Comment
50. Regulations need to drive transparency and simplification of
products and services. Comment
51. The stakeholders should work toward maintaining a favourable
environment for stable growth, increasing the penetration of insurance to rural
and under penetrated areas and increasing the contribution to the economy.
Comment?
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