Download or read book Examining Productive Performance of Life Insurance Corporation of India written by Kaoru Tone and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This chapter applies a new variant of the data envelopment analysis model to examine the performance of Life Insurance Corporation (LIC) of India. The findings show a significant heterogeneity in the cost efficiency scores over the course of 19 years. A decline in performance after 1994-1995 can be taken as evidence of increasing allocative inefficiencies arising from the huge initial fixed cost undertaken by LIC in modernizing its operations. A significant increase in cost efficiency in 2000-2001 is, however, cause for optimism that LIC may now be realizing a benefit from such modernization. This will stand the corporation in good stead in terms of future competition. Results from a sensitivity analysis are in broad agreement with the main findings of this study.
Download or read book Life Insurance Corporation of India written by Sumninder Bawa and published by . This book was released on 2007 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents Include : Introduction; Life Insurance : Review Of Studies Made; Methodology For Analysis; Performance Evaluation Of Life Insurance Corporation Of India; Productivity Of Life Insurance Corporation Of India; Investment Portfolio Of Life Insurance Corporation Of India; Impact Of Privatisation On The Performance Of Life Insurance Corporation Of India; Conclusions.
Download or read book The Life Insurance Industry in India written by Tapas Kumar Parida and published by Springer. This book was released on 2016-12-28 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book traces the development and analyses the performance of life insurance industry in India, since inception of this sector, using different business indicators over the years. It discusses the evolution and changing features of the Indian insurance industry in 3 phases: phase I from 1818 to 1956, phase II from 1956 to 2000 (known as the nationalisation period) and phase III post 2000 (called the post reform period). The book also measures the relative efficiency and productivity of the life insurance industry in India for the post-reform period, by employing Data Envelopment Analysis (DEA). Despite the fact that the life insurance sector recorded a compound annual growth rate (CAGR) of 17% in terms of total premiums and 21% in terms of new business premium collections during the post reform period, the insurers continue to grapple with the issue of profitability. Against this background, the book presents results on the factors determining profitability of the life insurance companies using measures of efficiency and competition. By helping regulatory authorities determine the future course of action in the context of entry of foreign insurers and also in establishing a level playing field, the book has important policy implications.
Download or read book Life Insurance Corporation Of India A Study Of Working And Performance Vol 1 Marketing Management written by M N Mishra and published by . This book was released on 1991 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Advances in DEA Theory and Applications written by Kaoru Tone and published by John Wiley & Sons. This book was released on 2017-04-12 with total page 579 pages. Available in PDF, EPUB and Kindle. Book excerpt: A key resource and framework for assessing the performance of competing entities, including forecasting models Advances in DEA Theory and Applications provides a much-needed framework for assessing the performance of competing entities with special emphasis on forecasting models. It helps readers to determine the most appropriate methodology in order to make the most accurate decisions for implementation. Written by a noted expert in the field, this text provides a review of the latest advances in DEA theory and applications to the field of forecasting. Designed for use by anyone involved in research in the field of forecasting or in another application area where forecasting drives decision making, this text can be applied to a wide range of contexts, including education, health care, banking, armed forces, auditing, market research, retail outlets, organizational effectiveness, transportation, public housing, and manufacturing. This vital resource: Explores the latest developments in DEA frameworks for the performance evaluation of entities such as public or private organizational branches or departments, economic sectors, technologies, and stocks Presents a novel area of application for DEA; namely, the performance evaluation of forecasting models Promotes the use of DEA to assess the performance of forecasting models in a wide area of applications Provides rich, detailed examples and case studies Advances in DEA Theory and Applications includes information on a balanced benchmarking tool that is designed to help organizations examine their assumptions about their productivity and performance.
Download or read book Investment Pattern of LICI and Select Private LICs in the Post reforms Era in India written by Shib Pada Patra and published by Springer Nature. This book was released on 2022-07-20 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book examines the trends of premium collection and investment portfolio of LICI and selected private life insurers in India in order to compare their performances. Life insurance organizations in India are significant financial institutions in the Indian financial system and play a major role in mobilizing insurance premium from the household sectors and investing it in the financial markets for productive purposes. The book aims to assist life insurance companies in evaluating their performance in terms of their premium mobilization and investment in Government and other approved securities, infrastructure securities, securities approved by the Insurance Regulatory and Development Authority of India (IRDAI) and other than approved securities as per the provision of IRDA (Investment) (Fifth Amendment) Regulation, 2013. Against this backdrop, the theme of the book is particularly relevant because life insurance companies play a vital role in channelizing small savings into productive sector investment to promote economic development of the nation.
Download or read book Evaluating Cost Efficiency and Returns to Scale in the Life Insurance Corporation of India Using Data Envelopment Analysis written by Kaoru Tone and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper applies a new variant of data envelopment analysis model to examine the performance of Life Insurance Corporation (LIC) of India. The findings show a significant heterogeneity visible in the cost efficiency scores within 19 years. The decline in performance after 1994-95 can be taken as an evidence of increasing allocative inefficiencies arising from the huge initial fixed cost undertaken by LIC in modernizing the operations. But the significant increase in cost efficiency in 2000-01 is the basis for an optimism that LIC may be beginning to benefit from such a modernization, which will stand in good stead in terms of future competition. The results obtained from the sensitivity analysis are in broad agreement with the main findings of this study.
Download or read book Indian Insurance Sector Deregulation and the Global Financial Crisis written by Joy Chakraborty and published by LAP Lambert Academic Publishing. This book was released on 2020-04-10 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the deregulation of the Indian insurance sector in 1999, the market-share of the country's sole largest public-sector player Life Insurance Corporation of India has drastically gone down with the entry of private players. The abrupt rise in the presence of private players has eventually raised concerns about the performances of the life insurance players in safeguarding the interests of the policyholders. Further, the global financial crisis of 2007-08 had its contagion effects in the Indian insurance industry, the ripples of which were even felt in the performances of the Indian life insurers. The study thus makes an attempt to evaluate the operational efficiencies, productivity and financial health of the life insurance companies in India, covering the period from 2008-09 to 2014-15 against the backdrop of the global financial crisis and the insurance sector deregulation in India. The study has also hinted at the monopolistic-competition type of market structure prevailing in the country's life insurance sector. The study further gave indications about the commendable turnaround manifested by the life insurers from the spill-over effects of the financial crisis post 2010.
Download or read book Performance of Indian Non Life Insurance Industry written by Rohit Kumar and published by LAP Lambert Academic Publishing. This book was released on 2011-09 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contours of insurance business have been changing across the globe and the rippling effect of the same can be observed in the Indian market as well. The insurance industry of India has started to reveal the potential after the process of reforms were started. The changing insurance industry dynamics present many opportunities for insurers, but capturing these opportunities requires a well-defined and proactive business response. An attempt has been made to examine the effect of reforms on the performance of the Non-Life Insurance companies, in terms of financial performance, efficiency and productivity evaluation with Data Envelopment Analysis and to assess the comparative service quality level thereof using SERVQUAL Model and finally to identify the gaps in the performance so as to make suggestions to improve the performance of the Non-life Insurance Industry in India. This book deals with a comprehensive evaluation of Indian Non-Life Insurance Industry with the post liberalization focus and presents an in-depth analysis of the various dimensions of performance of the various players in the Indian market.
Download or read book Efficiency Models in Data Envelopment Analysis written by J. K. Sengupta and published by Springer. This book was released on 2006-10-06 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume discusses the latest techniques and their economic applications for modern industries like computer, pharmaceutical, banking and other manufacturing. Both econometric and mathematical programming techniques are analyzed so as to develop a synthetic approach.
Download or read book Life Insurance Corporation Of India A Study Of Working And Performance Vol 3 Personnel Management written by M N Mishra and published by . This book was released on 1991-01-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Managing Service Productivity written by Ali Emrouznejad and published by Springer. This book was released on 2014-07-31 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume describes how frontier efficiency methodologies such as Data Envelopment Analysis (DEA) and other techniques such as multi-criteria decision making can help service industries to improve their performance by providing a ranking of best-practice efficient service units and by identifying sources of inefficiency for each service unit. It explains how they can be used to determine potential improvement targets for each of the inefficient service units, to identify peers for each service organization and to provide a basis for continuous performance improvement. Presenting applications in a variety of industries, this book will be useful for the service management to improve service productivity, profitability, sustainability and quality and effectiveness of service deliveries. A free trial version of the World’s leading Data Envelopment Analysis Software (PIM-DEA) is available for readers of this book.
Download or read book Analysis of Life Insurance written by Urgessa Tilahun and published by GRIN Verlag. This book was released on 2014-08-20 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2008 in the subject Economics - Finance, grade: A, Addis Ababa University (Addis Ababa University School of Commerce), language: English, abstract: Insurance business was introduced into Ethiopia based on mutual assistances and its modern form traces back to 1905, when bank of Abyssinia began to underwrite fire and marine insurance policy, as an agent to foreign insurance company. The general objective of the study was to analysis the insurance services in the Nile Insurance Company by giving special attention focusing on life insurance. Primary data were collected using a structured questionnaire. In addition, secondary data were extracted from relevant sources to supplement the data obtained from the survey. The result of this study reveals that gross written premium and net written premium showed on increasing trend. But there is an ups and down of the percentage change because of unhealthy completion between non private and other private insurance companies. Secondly even if there are new classes of life insurance that was sold in Nile Insurance Company, the structure of life insurance in terms of diversification of the source of revenues is limited to small classes of the business. The amount of the premium collected and claims paid in these classes of the insurance is not proportionally distributed. The end result of the data also shows that there is a direct correlation between premium collections and the claim payments i.e. the classes of life insurance which contributes the large amount of also incur higher claims (cost).
Download or read book An Evaluation of Investment Performance of Private Life Insurance Industry in India written by S. Husain Ashraf and published by . This book was released on 2019 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: Data Envelopment Analysis (DEA) model is used to provide valuable information on investment efficiency of private life insurance industry in India. This study utilizes two inputs (shareholders' investments and policyholders' investments) and two outputs (net returns on investments to the shareholders and net returns on investments to the policyholders). This study focuses upon 20 private life insurance companies operating in India over a period of 4 years from 2010-11 to 2013-14. Since this study attempts to maximize output, an output oriented DEA model is used. The study finds that investment efficiency of private life insurance industry has improved on Banker, Charnes and Cooper (BCC) model and Charnes, Cooper and Rhodes (CCR) model. The study further highlights that during all years under study, 15% to 40% life insurance companies have been found on the CRS frontier and 40% to 60% life insurance companies have been found on the VRS frontier. With regard to scale efficiency issues, 15% to 40% companies have been operated at their most productive scale over the study period.
Download or read book PERFORMANCE OF LIFE INSURANCE COMPANIES IN INDIA written by Dr. ARUNA RAVI and published by Archers & Elevators Publishing House. This book was released on with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Efficiency and Productivity Analyses of Public Sector General Insurance Firms in India written by Joy Chakraborty and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the rising presence of private players after the enactment of the Insurance Regulatory and Development Authority of India (IRDAI) Act in 1999, the four major public sector general insurance firms in India, namely, the National Insurance Company Limited, Oriental Insurance Company Limited, New India Assurance Company Limited and the United India Insurance Company Limited continued to dominate the Indian general insurance sector with a collective market share of 50.24% at the end of the FY 2014-15. However, the significant decline in the market shares of the state-owned general insurers, with an abrupt rise in the footfall of private players, has eventually raised concerns about their operational efficiency and productivity growth in the country's general insurance sector. The present study addresses the efficiency and productivity issues of the four major public sector general insurance firms in India against the backdrop of the US financial crisis of 2007-08. The study applies the nonparametric Data Envelopment Analysis (DEA) to evaluate the technical and scale efficiency scores along with total factor productivity changes of the four public sector non-life insurance companies during the post-deregulation study period from 2008-09 to 2014-15. The results of the study show United India Insurance Company as the most technically and scale efficient player, whereas the National Insurance Company was found to be the most productive player among the public sector general insurance firms during the period.
Download or read book An Empirical Analysis of Life Insurance Industry in India written by Harpreet Singh Bedi and published by . This book was released on 2014 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since inception the Indian life insurance industry passed through many hurdles and hindrances in order to attain the present status. However, the income earning capacity, eagerness and awareness of the general public are the key determinants of the growth of any insurance industry. In the Indian context, the insurance habits among the general public during the independence decade was rare but there was a remarkable improvement in the Indian insurance industry soon after the economic reform era (1991) due to healthy competition from many national as well as international private insurance players. In this paper attempt has been made to analyse the overall performance of Life Insurance Industry of India between pre- and post economic reform era. To measure the current status, volume of competitions and challenges faced by the Life Insurance Corporation of India and to measure the effectiveness of investment strategy of LIC over the period 1980 to 2009. Data were analysed by using T test and Anova. The study reveals that there is a tremendous growth in the performance of Indian Life Insurance industry and LIC due to the policy of LPG. Insurance industry also improved a lot due to the emergence of Private sector and opening up for foreign players. Further there is also a huge change in the investment pattern of LIC. There is a increasing trend toward the investment in Stock market by LIC from 60% to 93% from 1980 to 2009 due to the effective regulation of SEBI and increasing transparency of stock market.
