Page 44 - Insurance Times April 2020

SEMINAR REPORT

Insurance Sector - Reforms and

Developments

I n the light of many reforms and developments in the sion. He appreciated the effort of the Institute in bringing

Indian Insurance Industry, Akshara Institute of Man-
out an edited volume comprising selected papers accepted
agement Studies, Shivamogga (Karnataka) organised
for presentation and stated how the current generation of
a one-day National level seminar on 'Insurance Sec-
the ever-changing social environment.
tor - Reforms and Developments' on 9.2.20. The students and researchers are better equipped to adapt to
Seminar was well represented by Professionals, Academi-
cians, Researchers and Students. Sri. Ashok Naik, MLA, Shivamogga (Rural) presided over the
inaugural function. Prof. Madegowda, Dean (Academics),
Dr. Veerabhadrappa, Vice-chancellor of Kuvempu Univer- introduced the guests and welcomed them. Prof. Girisha,
sity who inaugurated the Seminar spoke about the impor-
tance of Insurance in developing countries like India and
its economic relevance. He stressed on the need for pricing
insurance products on line of affordability and products
matching customer requirements.

Director of the Institute proposed the vote of thanks.

After the inaugural function, Technical Session (Paper Pre-
sentation) commenced and it was chaired by Dr Ramesh,
Professor of Management and Finance Officer, Kuvempu
University, and the keynote address was delivered by Prof
Prof CMA Narasimha Murthy, International Management Jaswanth Singh G, Insurance (InsureTech) and Pensions
Consultant, Insurance Specialist, in his Key-note address Domain Consultant and Faculty. Prof. Manjunath H R Fac-
stated that even after 70 and odd years of India's ulty member of AIMS was the rapporteur. In his key-note
independence, Indian Insurance industry is still lagging far address on 'Insurance - The Road ahead', Prof. Jaswanth
behind. He stressed on the fact that a vibrant Insurance Singh G gave a complete overview of the latest
Industry in India can facilitate realisation of the new dream developments in the Insurance Industry and the current
of five trillion economy, as it can generate investments trends in the industry.
through domestic savings, generation of immense
employment and self-employment opportunities, increase Sri Manjunath, Management Consultant, delivered the
in the living standards, and mitigate social misery of sickness. valedictory address summing up the proceedings of the
seminar, and highlighting importance of availing lucrative
Prof CS Thyagarajan R V, Company Secretary and Visiting career in Insurance and the need to equip with necessary
Professor, Mount Carmel PG Departments of Commerce skills through academic and technical programs and certi-
and Management, release the book brought on the occa- fications.

44 The Insurance Times, April 2020