No thrust in insurance sector

There is lack of R&D in our Insurance business (as in many other sectors).

We have to develop the research and development culture at the national level, as it is a vital component for effective use of foreign and local aid projects. Even the UN agencies have a high rate of failure of their pet schemes as applied in the LDCs and DCs. We could do with some more innovations.

The Insurance companies may be encouraged to establish localised research centres for more local application of insurance schemes in new fields (the economically handicapped need official protection packages). The HR (manpower, and now females) 'exports' are not properly insured or monitored. Our fruits and vegetables perish due to non-availability of enough storage facilities for round the year marketing. How the insurance providers look at the large number of road and river accidents, as also insecurity situations faced by millions of individuals and families in these dangerous times? There is no publicity of attractive schemes for the students. How to protect the drivers and public vehicles?

Many more new areas of insurance marketing would emerge through seminars and talk shows. Is the government interested? Or is it the busy politicians who should goad the sleepy Ministries?