Page 56 - Insurance Times November 2019

Poll Whether the hike in loss limits for the
Glossary

appointment of surveyors is justified?

Yes Results of Poll in our October 2019 Issue

No Do you think recent announcement in Motor
Vehicles Act will reduce accidents and
Can’t say decrease motor claims?

You may send your views to :
Poll Contest, The Insurance Times Yes 50
Excess and Umbrella Liability
Liability coverage of an insured above a 25/1, Baranashi Ghosh Street, Kolkata - 700 007 No 50
Phone : 2269 6035, 2218 4184, 4007 8428 Can’t say 00
specific amount set forth in a basic Email: insurance.kolkata@gmail.com
policy issued by the primary insurer; or
a self insurer for losses over a stated NHA, Google join hands for implementing
amount; or an insured or self insurer for Ayushman Bharat
known or unknown gaps in basic
coverages or self insured retentions. In a bid to collaborate and strengthen the implementation of the government's
health scheme, Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB PM-
JAY) agreed for a partnership recently. The two organizations will be working
Excess of Loss Reinsurance
closely to explore various user cases for increasing process efficiencies in day-to-
Loss sharing mechanism where an
day applications. Google will also support NHA in improving PM-JAY's digital pres-
insurer pays all claims up to a specified
amount and a reinsurance company ence and showcasing relevant content to the 50 crore entitled beneficiaries.
pays any claims in excess of stated In addition, Google will also help provide training and support to NHA personnel
amount. to build on digital skills. The collaboration will seek to bolster PM-JAY's objective
of reaching the poor and vulnerable, reducing their high out-of-pocket health ex-
Expense Ratio penditure, and improving access to quality healthcare. On the alliance with Google,
Percentage of premium income used to NHA's CEO Indu Bhushan said, "Robust technology is the mainstay of PM-JAY. In
attain and service policies. Derived by various areas such as fraud prevention and detection, claim approvals, the use of
subtracting related expenses from technology can help reduce the turnaround time and aiding faster closure of pro-
cesses will enable the states to implement the scheme more effectively. We look
incurred losses and dividing by written
forward to collaborating with Google to improve our online presence."
premiums.

56 The Insurance Times, November 2019