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INTERNATIONAL CONFERENCE

ON

GLOBAL INSURANCE: PRACTICES AND OUTLOOK

29-31 JULY, 2017

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ORGANIZED BY

DEPARTMENT OF COMMERCE

OSMANIA UNIVERSITY, HYDERABAD, TELANGANA, INDIA

 

Venue:

IICT, TARNAKA, HYDERABAD,

 

 

 

 

 

 

 

 

 

ABOUT THE OSMANIA UNIVERSITY

Osmania University established in 1918, is the seventh oldest in India and the third oldest in South India celebrating its centenary year in 2017-18. Throughout its existence of a century its alumni have distinguished themselves nationally and internationally in various spheres of life and are spread far and wide around the world. With a sprawling campus of nearly 1,600 acres with excellent vegetation and buildings with architectural splendor, Osmania University is perhaps, the largest higher education system in the country. It is a multi-faculty and multi-disciplinary university offering rich and varied courses in the fields of Humanities, Arts, Sciences, Social Sciences, Law, Engineering, Technology, Commerce and Business Management, Information Technology and Oriental Languages. In recognition of its excellent academic achievements, Osmania University had the distinction of being awarded the University with Potential for Excellence (UPE) by the University Grants Commission, Government of India.

ABOUT THE DEPARTMENT OF COMMERCE

The Department came into existence as an independent wing of Osmania University with the launching of B.Com. Course in 1945. The Department runs Master’s Program in Commerce (M.Com.) with Finance, Information Systems and Accounting specializations in the University Campus and three constituent colleges Viz., Nizam College, University College for Women, and P.G. College Secunderabad and in about 440 Private Affiliated Colleges situated in Hyderabad, Secunderabad, Ranga Reddy and Medak with an enrolment of about 1,20,000 students. It also offers Post Graduate Diploma course in Taxation in the campus. The Department also runs a refereed bi-annual journal titled “Osmania Journal of International Business Studies”. The Department has conducted All India Commerce Conference during 1996 and 2007 and All India Accounting Conference in 2005. Many International conferences on various emerging areas in Commerce have also been conducted.

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CHIEF PATRON                                      Prof.S.Ramachandram

                                                            Vice-Chancellor, O U, Hyderabad

                       

PATRON                                                      Prof.V.Appa Rao

                                                                                Principal, UCC &BM, O U, Hyderabad

CONFERNCE CHAIRPERSON

Prof. Laxman Gaddam                                                                             

Dean, Faculty of Commerce, O U

 

CONFERENCE CONVENOR

Prof.S.V.Satyanarayana

Head, Department of Commerce, O U

CONFERENCE SECRETARY 

Prof.D.Chennappa

EXECUTIVE COMMITTEE

Prof. Laxman Gaddam                                                                              Chairman

Dean, Faculty of Commerce, O U

 

Prof.S.V.Satyanarayana                                                                           Member

Head, Department of Commerce, O U

 

Prof.Vasam Aanand Kumar                                                                     Member

Chairman, BoS in Commerce, O U

 

Prof.H.Venkateshwarlu                                                                            Member

Special Officer, Office of the Centenary Celebrations, O U

 

Prof.V.Usha Kiran                                                                                      Member

Department of Commerce, O U

 

Prof.D.Chennappa                                                                                     Convenor

Department of Commerce, O U

 

ADVISORY COMMITTEE

 

Prof.H.Venkateshwarlu

Prof.K.Shankaraiah           

Prof.D.Chennappa 

Prof.Prashanta Athma

Prof.D.Ramesh

Prof.T.Krishna Kumar

Prof. V.Usha Kiran

Dr.M.Gangadhar

Dr.A.Patrick

Dr.G.Naresh Reddy

Dr.J.Ravi Kumar

Dr.I.Shaker

 

THEME OF THE CONFERENCE

 

Text Box:  The global economy is expected to strengthen in near future. The US and UK are currently growing at moderate pace of close to 2.5 percent and real Gross Domestic Product (GDP) in Japan and the Euro area at a more subdued 0.7 percent and 1.5 percent respectively. The global economy is expected to see slightly better growth in coming years. Emerging markets will grow by about 5 percent annually in the next two years (Global insurance review 2015 and outlook 2016/17). As improving economic outlook, there is a demand for insurance. Global Non-Life Insurance premium growth is improving to 3 percent in 2016 from 2.5 percent in 2015. Despite the challenging pricing environment, under writing profits have been sustained by low natural catastrophe losses and existing reserves.

Global Life Insurers face downside risks from the modest global growth outlook. The premium income is forecast to rise to about 2.5 percent in 2016 from about 2% in 2015. This marginal growth rate is due to persisting low interest rates, volatility in financial markets and regulatory changes. Nevertheless, insurance market will improve with improved use of digital technologies and the adoption of more customer centric business models.

Emerging Asia has stronger annual growth rate of 12 percent in 2016, though, Latin America deteriorate – (1 percent in 2016) in growth rate. Urbanization and growing wealth of middle class will support overall insurance sector growth in the emerging Market. Motor and Health insurance premium are stable and robust growth is expected in next coming years. A key issue in many emerging markets will likely be implementation of Risk based solvency regimes.

India’s Insurance sector is the biggest in the world with about 1,442 lakhs policies and the insurance market is expected to quadruple in size over the next 10 years from its current size of US $ 70 billion. In Insurance business, India is ranked 11 among 88 countries with a market share of around 2 percent in global life insurance market and India stands 15th globally with respect to premium income.

The Insurance Industry of India consists of 53 insurance companies of which 24 are in life insurers and 29 are non-life insurers. Among the life insurers, Life Insurance Corporation (LIC) is the sole public sector company. Out of 29 Non-Life Insurance Companies there are six public sector insurers. There are five private insurers registered to underwrite policies exclusively in health, personal accident and travel Insurance segment. There are two more specialized insurers belonging to public sector. There is sole national re-insurer General Insurance Corporation of India (GLC-Re). Non-life insurance includes broadly motor, health, Fire, marine, travel and others. Since 2000, Insurance sector is functioning under the control of Insurance Regulatory Authority of India (IRDAI). Among Non-life insurance, the Motor Insurance continued to be the largest segment with a share of 44.14 percent, followed by health insurance with a share of 27 percent and remaining shared by fire, marine, travel and others.

Government of India (GOI) has taken a number initiations to boost the insurance industry, such as allowing 49 percent FDI cap with an automatic route, reducing the service tax, listing the insurance companies in the listed on the stocks exchange, providing repository protection and e-commerce platform in the sector in order to increase insurance penetration and bring financial inclusion. Especially during 2014, introducing Pradhan Mantri Suraksha Bima Yojana (PMSBY) which is a personal Accident Insurance Scheme and Pradhan Mantri Jyothi Bima Yojana (PMJJBY), which is a life insurance scheme and Atal Pension Yojana (APJ) which is a guaranteed pension scheme for unorganized sector are major initiations from the Government of India (GOI). GOI has been increasingly spending on Public Health to provide maximum health care specialties and to minimize Out-of-Pocket (OOP) expenditure of the patients.

The major challenges facing Insurance sector are low insurance awareness, Trust deficit, increased incidence of frauds, heightened consumer expectations, perfect competition in the market declining premium, increasing doubtful and suspect claims and Governance and regulatory issues. All these have hampered the growth of insurance.

The future of Insurance Sector looks bright and is poised for strong growth in the long run delivering. Stable profitable growth, expected customer centric business with the help of technology, keeping in mind the complexities of the industry, multi-product, multi-channel, and multi-segment route needs to be followed for growth. The success lies in integrating the insurance products, ensuring the best world class quality services and building the trust among the stake holders.

In these circumstances, there is an urgent need to discuss and deliberate issues at academic platform at university levels to develop new insurance models in curriculum and explore the new job opportunities for the students.

The conference aims at providing interaction with cross-section of experts involving academicians, insurers, industry experts, policy makers and other stakeholders. It also provides a platform to discuss the ongoing issues pertaining to Insurance. The objective of the conference is to foster close relationship of Academia, Government and Industry.

 

THEME AREAS FOR PAPER WRITING

 

1) Global Insurance

2) Cross Countries Insurance

3) Risk Management

4) Government Initiations

5) Monitoring and Regulation

   (Insurance Regulatory Development Authority)

6) Public health: NRHM, CBHI, RBSY,          

    State/ NGOs/Voluntary organization schemes.

7) Life Insurance

8) General Insurance

9) Motor Insurance

10) Health Insurance

11) Travel insurance

12) Tourism, Devotees Insurance

13) Crop Insurance

14) Re- Insurers and Other Insurance

15) Retirement Planning

16) Pension Schemes

17) FDI- Insurance

18) Fraudulent Practices in Insurance

19) Banc assurance

20) Cross Selling and Mis Selling Of     

        Insurance Products

21) Role of Agents/ Brokers

22) Role of Ombudsman

23) Role of Third Party Administrators

24) Role of affiliate tribunals

25) Role of Life and Non-Life Councils (NLC)

26) Role of Insurance Institutes in India.

27) Role of Technology and E-commerce      

       in Insurance

28) CRM/SCM/ HRM in Insurance

29) Insurance Marketing (4 Ps)

30) Insurance Accounting/ IFRS

31) GST - Insurance

32) Impact Of Private Insurer’s    

       Participation in Insurance

33) Behavioral Studies

34) Case studies

 

CALL FOR PAPERS

Keeping this impetus, academicians, policy makers, corporate executives and research scholars are requested to contribute research papers and to participate in the international conference on Global Insurance: Practices and Outlook which is scheduled 29-31 July, 2017 Organized at Hyderabad, India by the Department of Commerce, Osmania University, Hyderabad, India.

You are invited to send research papers/articles and case studies on above topic to the undersigned. Selected papers will be published in Osmania Journal of International Business Studies (OJIBS). OJIBS is a referred and listed (ISSN 0973-5672) journal with Impact Factor 0.5717 and outstanding papers will be published in edited book(s) (ISBN-978-81-910003-13) from each technical session. You can send your papers through on line www.gipo2017.com if you feel any difficulties by submitting paper through online you can also mail the research papers through e-mail: gipojuly2017@gmail.com: Last Date for Abstract Submission is May 31, 2017, Last Date for full paper Submission is Jun 20, 2017, For further information and updates, please log on to www.gipo2017.com, www.osmania.ac.in and www.oucommerce .com

ABOUT THE JOURNAL

Osmania Journal of International Business Studies (since 2005) is a paper referred and listed (ISSN 00973-5672) impact factor 0.5 bi-annual publication of Department of commerce, Osmania university, Hyderabad. OJIBS is dedicated to publish high quality research papers providing meaningful insight into the subject areas.

The journal aims at covering research papers is the areas of business environment, finance, International Business & Trade, economics, commerce and business management. Abstract of doctoral thesis, book reviews, etc., constitute a part of the journal. Journal copies are also available through online. A special issue of conference papers will be published in the journal and is to be released on inaugural function of the day conference.

 

REVIEW PROCESS

Research Papers/Articles received will immediately be put before the editorial committee for initial review. The selected papers will be sent to three reviewers for their opinion with a request to pass on the same in four weeks’ time or less. An effort is made to publish a paper duly recommended by a reviewer within a period of six months. Correspondence and proofs for correction will be sent to the first author unless otherwise specified. The article will be published after receipt of the corrected proofs from the authors.

 

 

 

PAPER SUBMISSION GUIDELINES

All Papers must follow the following Submission Instructions and Guidelines.

Originality: Articles, papers, or cases submitted for publication should be original contributions and should not be under consideration for any other publication at the same time. All accepted a paper belongs to OJIBS.

Typing: Paper must be laser printed on 8.5” x 11” white sheets in Arial 10-point font, double-spaced lines, justify style in MS Word. All four margins must be 1” each.

First Page: Paper title, not exceeding two lines, must be CAPITALIZED AND CENTERED IN BOLD LETTERS. Author name and university/organizational affiliation of each author must be printed on one line each. Please print the word ”ABSTRACT” in capitalized bold letters, left justified, and double-spaced from last author’s name/affiliation. Abstract should be in italic.

All other Headings: All other section headings starting with INTRODUCTION must be numbered, in capitalized bold letters, left justified, and double-spaced from last line above them.

Tables, Figures, and Charts: All tables, figures or charts must be inserted in the body of the manuscripts within the margins with headings/titles in centered CAPITALIZED BOLD letters.

References and Bibliography: All references listed in this section must be cited in the article and vice-versa. The reference citations in the text must be inserted in parentheses within sentences with author name followed by a comma and year of publication. Please follow the following formats:

Journal Articles:  Khade, Alan S. and Metlen, Scott K., “An Application of Benchmarking in Dairy Industry”, International Journal of Benchmarking, Vol. III (4), 1996, 17-27.

Books:  Harrison, Norma and Samson, D., Technology Management: Text and Cases, McGraw-Hill Publishing, New York, 2002.

Internet:  Hester brink, C., E-Business and ERP: Bringing two Paradigms together, October 1999.

Online Document: Cartwright,J: Big Stars have losses too. IOP Publishing Commerce Web. http://commerceweb.org/articles/news/11/6/16/1(2008).Accessed 26 June 2008.

 

 

PROGRAMME SHEET

First Day       - July 29, 2017:        Registration and Inaugural function, Track I /Track II

Second Day - July 30, 2017:        Track III / Track IV /Track V / Track VI

Third Day     - July 31, 2017:        Track VII / Track VIII /Track IX and Valedictory function           

TECHINICAL TRACKS 

Track 1: Global Insurance

Track 2: Global insurance Practices

Track 3: Global Life Insurance

Track 4: Global General Insurance

Track 5: Role of Global Regulatory bodies

Track 6: Global Public Health Insurance

Track 7: Behavioral studies in insurance

Track 8: Maximizing Insurance Penetration- Key to Universalisation of Social 

              Security in India

Track 9: Panel Discussion I, II.

IMPROTANT DATES

Last Date for Abstract Submission

May 31, 2017

Last  Date for Full Paper Submission

June 20, 2017

Intimation to Authors

June 30,2017

Last Date of Registration

July 15,2017

 

 

SPECIAL FEATURES OF THE CONFERENCE:

1. Live web casting the entire Conference proceedings.

2. Poster Presentation

3. Video conference paper presentation

4. Publication of Select papers either in Impact Factor Journal or in Edited Book.

5. Opportunity to become Editor/ sub editor, and

6. Group Insurance during the conference period.

 

 

 

REGISTRATION FEE

The Registration fee includes boarding, lodging (for the duration of the conference), a kit bag, and one-year subscription of “Osmania Journal of International Business Studies (OJIBS)” and Publication. Participation, presentation streaming and paper presentation certificate will be given and an opportunity is provided to present the research paper at the international conference.

Registration can be paid through online/National Electronic Fund Transfer and Net Banking

Registration fee is not refundable**

The particulars of the registration fee:

 

PARTICIPANT

INDIANS

FOREINGERS

Without

Accommodation

(Per delegate)

With

Accommodation

(Per delegate)

Without

Accommodation

(Per delegate)

With

Accommodation

(Per delegate)

Research Scholars

(Valid ID card holders)

Rs.3,000

Rs.4,000

$200

$250

Academicians

Rs.4,000

Rs.5,000

$300

$350

Executives

Rs.6,000

Rs.9,000

$400

$450

Accompanied persons

Rs.2,500

Rs.3,500

$200

$250

 

ACCOMMODATION

Accommodation will be provided to the outstation registered delegates on their request. Since the accommodation is limited advance information for the same would be highly appreciated.

               

 

For further Details, Contact:

Conference Secretary

PROF.D.CHENNAPPA

Dept. of Commerce, OU, Hyderabad, Telangana State, India

www.gipo2017.com,

www.osmania.ac.in

www.oucommerce.com