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Our Bureau

Hyderabad , Sept. 27

THE American Chambers of Commerce (Amcham) is organising a day-long international conference on `Regulatory Best Practices and Emerging Trends in Life Insurance' here on Thursday.

In a press release here on Monday, Amcham said India was one of the world's largest untapped insurance markets and the liberalisation has enabled the sector to grow. Stating that the initial deregulation phase was over, it said there was need for the business environment and the regulatory framework to synchronise to the fullest to ensure that rapid growth was consistent with stakeholder interest.

Given the new economic and political era in the country, time was opportune to take advantage of some of the most modern thinking available in the world of insurance. Therefore, a conference is being held where the industry participants and the regulator could benefit from the experience of other markets.

According to the release, five focus sessions form the nucleus of the conference, which include issues that concern everyone in the life insurance business and important to bring them to the attention of the regulator. The sessions are: Product innovation opportunities for insurers in India; Building a self-regulatory framework; Risk-based capital to safeguard policyholder interest; Relevance of embedded value in measuring success of life insurers, and Tax treatment of life insurance products and companies.

More Stories on : Life Insurance | Industry Associations | Andhra Pradesh

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