Saturday 8 September, 2007

Insurance industry Software Packages

XYCOR - Xybernet
Cogen(P&C) - CSC
CYBERLIFE - CSC
ELIXIR - MASTEK
INGENIUM - EDS

Monday 3 September, 2007

Insurer JVs in India

ICICI - Prudential (UK) life
ICICI - LOMBARD (UK) General

SBI - CARDIF SA (FR, holding compny of BNP Paribas) Life (credit insurer)

BAJAJ - ALLIANZ (GER)

TATA - AIG ( US)

HSBC - ORIENTAL BANK CANARA BANK

DABUR - AVIVA

BIRLA - SUNLIFE (CAN)

HDFC - STANDARD LIFE (UK) ( Mutual insurance co)

MAX - New York Life Insurance (US)

Kotak Mahindra - OLD Mutual Plc (south africa)

Bharati - AXA ( French)

Indian Farmers Fertilizer Co-operative Limited (IFFCO) - TOKIO (Japan)

Source - http://www.bimaonline.com/cgi-bin/insurers/allbajaj.asp

Saturday 1 September, 2007

Laissez-faire ideology

Laissez-faire is a French phrase meaning "let it be" (litterally,"Let do").

The term laissez-faire is often used interchangeably with the term "free market".

From the French diction first used by the 18th century physiocrats as an injunction against government interference with trade, it became used as a synonym for strict free market economics during the early and mid-19th century. It is generally understood to be a doctrine that maintains that private initiative and production are best allowed to roam free, opposing economic interventionism and taxation by the state beyond that which is perceived to be necessary to maintain individual liberty, peace, security, and property rights.

In the laissez-faire view, the state has no responsibility to engage in intervention to maintain a desired wealth distribution or to create a welfare state to protect people from poverty, instead relying on charity and the market system. Laissez-faire also embodies the notion that a government should not be in the business of granting privileges. As such, advocates of laissez-faire support the idea that the government should not create legal monopolies or use force to damage de facto monopolies. Supporters of laissez-faire also support the notion of free trade on the grounds that the state should not use protectionist measures, such as tariffs and subsidies, in order to curtail trade through national frontiers.