Month: May 2017

How IRDAI Regulates the Insurance Sector in India

Much like the financial services offered in India, Insurance sector in India has been a victim of incompetence. The products are not very flexible, the insurance sector hasn’t been able to penetrate smaller cities and there has been high propensity of scams. Under these circumstances, Insurance Regulatory and Development Authority, IRDAI, plays a great role in regulating the functioning of the insurance sector.

Call for IRDAI

Insurance is an agreement wherean insurance company undertakes to provide compensation for stated loss, damage, illness or death in return for payment of a specified amount (premium).

In the past, the insurers have failed to keep up their promises and the customers were at a big loss and had to adhere to some of the officer’s naggings too. This gave the need to develop a regulatory body to keep an eye on companies and policyholders too. This regulatory body, constituted by Government of … Read more

6 Steps to Repair Your Damaged Corporate Reputation

It may take decades to establish the reputation of your business, yet only a blink of an eye to damage it. Almost everyone in the corporate world relates to this for sure. Those in the city of Ottawa are not an exemption. Yes, your established image helps you maintain existing clients and appeal to new entities. This may result in devastating consequences your mistake upset your valued customers and causes enduring reputational damage. When such circumstance strikes your business, take all the possibilities to regain and managed your reputation. Here’s a list of the measure you can take:

  1. Have a sturdy foundation of your business. In the arena where entrepreneurs are being competitive, it is always imperative to present your business reflexive of your authenticity: your tone, demeanor, body language and appearance. Authenticity should always come with trust. Note that nothing of lasting value can be developed with no foundation
… Read more