do private Insurance firms have Bankruptcy Insurance ?

June 8, 2009

EDIT: Yes, there is something called Reinsurance.

Reinsurance is a means by which an insurance company can protect itself with other insurance companies against the risk of losses.

What about them going down. there’s something for that too.

Reinsurance companies themselves also purchase reinsurance and this is known as a Retrocession. LOL 😀

so then, there is a way they can all go down at once? Nah.. they are covered. They usually have a clause in the agreements to limit there risk of catastrophically large losses.

Typically, insurers prefer to limit their exposure to a loss from a single event to some small portion of their capital base, on the order of 5 percent.

And since I am not writing an assignment, I can officially quote from Wikipedia 😛 Insurance and Reinsurance


do private Insurance firms have Bankruptcy Insurance ?

Isn’t it very important?

guarantee from the Govt. is one thing I can imagine. public companies have it easy. what about private companies?

do they pay a premium too, then, to the Govt. for bankruptcy insurance?

and is there a cap on the insurance to the sum insured ? [like I think ther’s a Rs 1 lac cap on insurance of SB accounts for centralized banks?]

(Cheers to KP, for initiating the discussion)

on a different note, can the govt arbitrarily move funds (derived from taxes) wherever they care to? hmm…

GATI service gets multiple bad reviews

April 20, 2009

Looking for a service to ship your luggage home ? 

Many ppl have had bad experiences using GATI, one breaking his motherboard and  another bearing extensive scratches on the side od their computers.

Needless to say, both are unhappy and I’d like to see another player grab the year-end hostellers-go-home shipment market at NITK.   


more on the subject, later.

world’s longest comment

July 8, 2008

today, after readding a very interesting blog post here, i started writing in the comments. it carried on and on and on, like had never happened before! after a full blog posts’ worth of material, finally i stopped. read it here. of course if its not removed by the author for having exceeded the readers patience.

it was through my RSS reader google reader, but now you can even insert ads in feeds – check out [and google bought it recently].

and had gone https – to add new post, to change settings, everything. and 256 bits! hmm. wonder if it’ll hurt mobile bloggers. [what Sid ?]

and tag suggest! at least the first time i’m seeing it!

firefox 3 download day

June 18, 2008


its well past the said time, confusion all over.

considering they advertized it all over and they had reasonable time after receiving the pledges , they should have done better.

hold on a sec , as i write this and try again. a few mins have passed now. it’s now serviced and works. and the download was pretty fast too. less than a minute!


pretty cool!

you can still download until wednesday 18th june (supposedly IST 10 30PM. calculations didn’t come easy to me) to come under the world record.

more about opera 9.5 and Firefox 3 in another post.

Opera 9.5

June 12, 2008

Opera 9.5 - beautifully engineered

where’s the catch

May 18, 2008

as a magician talked about how most people take it as a challenge to uncover the trick behind the ‘magic’, isn’t it similar in business.

WordPress is good. it’s impressive. very impressive.. they are big,  constantly innovating, they are getting in major shares of the new bloggers. and most of all, there’s loads of ‘talk’ about it!!

now, the question is – what’s their business model ?

they have to have one. they host the servers that serve the pages. they pay for the spam control technologies, they maintain the portal. they develop new themes, pay the staff. and all that.. they got to be getting money from somewhere ..

i don’t see ads on wordpress. i don’t think that’s the model they are using. ( very unlike, wonder if they make all their profit on their web portal 😀 ).

WordPress infact raised money about $1.1 million in angel funding. and $ 29.5 million in round B. and before that turns down a $200 million buy-out bid. founder Matt is talking big.

right. what interests the VC’s so much. social networks on the web are only now developing and placing huge bets on them does come with a risk, doesn’t it ?

anyway, coming back to wordpress’s business model – they do have paid products and VIP hosting. but how many will take it if all they want comes free..

maybe its a question of time before paid-features are more aggressively pushed. maybe they are waiting for the critical mass. But still, monetizing soial networks is still a challenge.   advertising, subscription, data mining, sponsorship, affiliate marketing are the general possibilities, but none looks like a viable model yet for such huge social network sites.

linkedin i think is one portal that has started a bussiness from selling contacts and information to generate revenue. It’s a great site btw.

btw, back to wodrpress’s business model again – don’t know. not returns-time yet ?

nor do i know that of orkut, youtube, facebook (ads), myspace (ads), google docs (no ads), and so many more.. do you?

reminds me of similar questions on GPL. where’s the money. that’s for another day’s post..

the-post-before-the-election post

May 9, 2008


long time i know, but i’ve come to terms that this is the way it works!

12 30 am. too sleepy. but its too good a material to let pass.

elections tomo. not much campaigning i’ve seen. wonder where in karnataka the CM’s of probably 10 other states are campaigning.

it was in the news yesterday about Reliance Petroleum closing all its 1500 odd retail branches. Reason – pricing and losses with the govt selectively compensating PSU retailers. what shame. first of all to be controlling oil rates, and then for giving away someones your money to selective people for the profit of the govt. outright fraud.

And the thing about petrol prices is, it is only after govt takes away its _due_ custom duties. of how much ? around 130%, eh ? the price shows. Its where the Govt is making its money.

Shell India is also closing operations and it would be sad to see them go given their service and product quality setting new standards in the retail pertol stations. Sadly, i also think it’s the second time for Burma Shell! after 30 yrs again, at this time, when the world looks at India as a fast developing country!

On a totally unrelated note however and incidentally, i’d been to a Reliance Petro retial last week. The guy didn’t agree for payment by card. Either he was not following the guidelines or Reliance retail has a lot to learn!

Also on another unrelated note, Reliance Wellness and Reliance Jewelery have quite recently opened up in Bangalore.