The Hindu : Andhra Pradesh / Hyderabad News : Insurers asked to look for comprehensive data

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Saturday, Aug 23, 2008
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Andhra Pradesh

Andhra Pradesh - Hyderabad

Insurers asked to look for comprehensive data

Special Correspondent

HYDERABAD: Pronab Sen, Chief Statistician and Secretary, Ministry of Statistics and Programme Implementation, has asked insurers not to limit themselves to available data while measuring risk but look for information that existed outside of economic and social spheres for a realistic assessment.

Convocation

Delivering his address at the third convocation of the Institute of Insurance and Risk Management (IIRM) here on Friday, Mr. Sen insisted that risks were embedded in larger economic and social spheres. Mr. Sen said data was crucial to measure risk which was definable. He called for a close coordination between insurers and data producers. J. Hari Narayan, Chairman, Insurance Regulatory and Development Authority and IIRM, said insurance sector would dominate the success story of the country in the coming years. Vepa Kamesam, MD, IIRM, said the 74 students of the institute in the current batch came from 14 States.

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