The stock markets are rising; fund houses are having a field day with rising assets under management and new fund offer launches, and are back in action. It’s perceptible in the communication from fund houses. We regularly interact with fund houses and sadly, not all the information we receive is through formal communication channels. Often fund houses choose to communicate off-the-record.

Tsunami is one such thing that insurance companies will never be able to forget in their lifetime. It was one worst day in the history of mankind as well as for insurance companies who had to shell out huge claims following that. The figures show that the claim is expected to reach up to $10 billion. The case was even bad when the deadly Katrina Hurricane hit US.