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The Insurance Times

business keeping in view the political and economic
conditions of the country.

Direct or brokers: If the company has experienced
staff, direct business can be solicited. However, this
will involve travel expenses to procure business. So,
initially it is better to place business through a
broker.

Class of business: The Company should decide whether
it wants to underwrite property business, which is on
an annual basis, or casualty business.

Acceptance limits: Keeping in mind the financial
standing and premium income of the company, the
acceptance limit should be large enough to make it
attractive for the brokers and ceding companies to offer
business.

Finally, IRDA has brought in certain norms for
acceptance of inward business, which have to be
adhered to while designing the inward program.

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