Page 54 - Insurance Times April 2020

Poll Do you think disruption due to COVID 19 will
Glossary

have positive or negative impact on the
industry
Yes Results of Poll in our March 2020 Issue
No Do you think the move by IRDAI to remove

Can’t say compulsory membership of IIISLA is correct?

You may send your views to :
Poll Contest, The Insurance Times Yes 70
Rental Captive 25/1, Baranashi Ghosh Street, Kolkata - 700 007 No 30
Rental Captive — a captive Phone : 2269 6035, 2218 4184, 4007 8428 Can’t say 00
Email: insurance.kolkata@gmail.com
insurance company that allows
unrelated parties ("participants") to
use the captive for a fee, thereby
eliminating the need for formation View latest Webinars on
and operation of a new company.
The participant may or may not be Insurance and
required to contribute capital and
may or may not be a preferred
shareholder in the rental captive. Risk Management
Provided such use is permitted in a
domicile, rental captive participants
may be insureds or noninsureds at
such as insurance agents.
www.rmaindia.org/webinar
Reported Losses
Reported Losses — paid losses plus on Youtube
case reserves. Excludes incurred but
not reported (IBNR) losses.

54 The Insurance Times, April 2020