Download or read book Indian Life and Health Insurance Industry written by Novi Dewan and published by Springer Science & Business Media. This book was released on 2008-08-29 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: Novi Dewan establishes a status quo of the Indian health and life insurance industry and discusses the best practices for various elements of the marketing mix. She complements secondary research with recent empirical data accentuating the emerging opportunities and challenges in the Indian Insurance Industry by using standardized interviews with opinion leaders and CEOs of several insurers.
Download or read book Indian Insurance written by H. Narayanan and published by . This book was released on 2006 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt: Enthused And Encouraged By The Exemplary Success Of Life Insurance Corporation Of India The Government Of India In The Early 1970S Decided To Bring In The General Insurance Industry Also Into The Vortex Of A Nationalised Setup To Provide Comprehensive Insurance Security To The People Of India.How Effectively And Substantially Life Insurance Corporation Of India And The Four Nationalised General Insurance Companies, The Holding Companies Of General Insurance Corporation Of India, Contributed To Redesigning The Socio-Economic Fabric Of Modern India Is A Part Of The Post Independent Economic History Of India.Though These Two Organisations Have Interlaced And Intertwined Their Destiny With That Of India, The Preference Shift In The Indian Markets, New Realities Of The Global Economic Order, And Demands Arising Out Of Multilateral Trade Agreements Have All Left India With No Option Other Than Throwing Open Its Economic And Commercial Policies To Global Competition And Challenges.
Download or read book Indian General Insurance Sector written by Kallol Kumar Dutta and published by Notion Press. This book was released on 2023-03-09 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of writing the book was to make an assessment of the working of the Indian General Insurance Sector following the unprecedented loss suffered by three General insurance companies to the tune of Rs.4200 during 2018-2019 under the IRDAI Regime since 2000 to2020.
Download or read book Product Portfolio Trends in Indian General Insurance Industry written by Manjit Singh and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization has made a profound impact on the Indian insurance industry and has resulted in an overall increase in the awareness of the insuring public about the wide range and choice of insurance products and their prices offered by the competing insurers in the market. Several new and innovative products have been designed, developed and introduced into the market, particularly by private players. All these favorable conditions for the insurance sector, need an evaluation of trends in the product portfolio, to examine the growth and development in the insurance sector in the post-liberalization period. The study aims at examining the emerging trends of each product portfolio in the public sector and the private sector general insurance companies in the post-liberalization era to identify the gaps and to make suggestions to general insurance companies to increase spread penetration by improving their product portfolio performance. The study concludes that the Indian general insurance industry lacks balanced product portfolio performance, as the companies emphasize only few portfolios like motor, fire, health, etc., where the need of the hour is to have a balanced portfolio performance to sustain general insurance penetration. So, the general insurance companies should market their entire portfolio to achieve balanced portfolio performance and increased insurance penetration.
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 Risk Management in General Insurance Business in India written by Krishan Kumar Pandey and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the years, the general insurance companies have been undertaking extensive risk management activities to safeguard the investor as well as investment. In the present-day scenario the two aspects which are of great importance to the general insurance industry are: firstly, the opportunities in the Indian general insurance market and the resulting focus of players on achieving business growth and secondly, the ongoing process of calibrated de-tariffing. Though de-tariffing has provided players with significant opportunities in tapping markets and in coming times may provide even more opportunities, it has placed the onus of correct pricing on the players themselves. This has resulted in players preparing and emphasizing more on identifying risk parameters and pricing products based on risks. The players, under the immediate response to the pressure of a free-market scenario, have dropped the rates even in hitherto non-profitable businesses. An efficient risk assessment and management in general insurance industry is very important due to the entry of private players, corresponding policy changes and the present-day fact of unprofitable books and erosion of capital resulting from unmanageable claim ratios. The present study attempts to identify the various risk management tools applied by the general insurance companies in India and performs a time series analysis of the performance of general insurance business in India in the post-liberalization and postprivatization era.
Download or read book Growth And Performance Of General Insurance Sector In India written by Fredrick Odoyo and published by LAP Lambert Academic Publishing. This book was released on 2012-06 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present study pertains to analysis and projection of growth and performance of General Insurance Sector in India. The major focus of the study is to evaluate the role of the Government in regulating the insurance industry and on the growth and performance and marketing strategies. The analysis revealed that the general Insurance penetration in India is very low as compared to international standards in general and in rural sector in particular. Liberalization of this sector has contributed a lot of opportunities for the growth of the rural market. The study found that the employees of the private sector insurance companies are more acquainted with the application of information and communication system than those from public sector firms, and consumers have less choice of products in the absence of tailor-made products to suit different categories of people. The private sector insurance companies are more cost-effective. The study will contribute to enhance the present knowledge in the field of insurance. The study recommends that the insurance regulatory and development authority should give more thrust on quality, service and discipline by insurers and related agencies.
Download or read book Handbook of International Insurance written by J. David Cummins and published by Springer Science & Business Media. This book was released on 2007-12-23 with total page 1000 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of International Insurance: Between Global Dynamics and Local Contingencies analyzes key trends in the insurance industry in more than 15 important national insurance markets that represent over 90 percent of world insurance premiums. Well-known academics from Europe, the Americas and Asia examine their own national insurance markets, including the competitive structure, product and service innovations, and regulatory developments. The book provides academics and executives with an unprecedented range of information about today’s insurance markets. This book also provides important 'new' information on the evolution of the financial sector worldwide and comprehensive chapters on reinsurance, Lloyd’s of London, alternative risk transfer, South and East Asian insurance markets, and European insurance markets. Setting the stage is an overview chapter by the editors focusing on overall conclusions on globalization.
Download or read book Indian Insurance Sector in 21st Century written by and published by Gyan Publishing House. This book was released on 2009 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Health Insurance Sector in India written by T. Mahendran and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the realm of globalization, many more multi-national corporations have entered into the field of insurance sector for the purpose of extending medical facilities and also enhancing better living conditions to the people. India has made considerable progress in improving the healthy status of her popullation. There is a considerate declining rate of crude death rate, due to better medical facilites. The world Health Organization has recommended a minimum of five percentage of GDP to health sector, but the real figure in India is very dismayed.
Download or read book A Study on the Growth of Indian Insurance Sector written by N. Kannan and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Insurance sector in India governed by Insurance Act, 1938, the Life Insurance Corporation Act, 1956 and General Insurance Business (Nationalisation) Act, 1972, Insurance Regulatory and Development Authority (IRDA) Act, 1999 and other related Acts. With such a large population and the untapped market area of this population Insurance happens to be a very big opportunity in India. Today it stands as a business growing at the rate of 15-20 per cent annually. Together with banking services, it adds about 7 per cent to the country's GDP .In spite of all this growth the statistics of the penetration of the insurance in the country is very poor. Nearly 80% of Indian populations are without Life insurance cover and the Health insurance. This is an indicator that growth potential for the insurance sector is immense in India. It was due to this immense growth that the regulations were introduced in the insurance sector and in continuation “Malhotra Committee” was constituted by the government in 1993 to examine the various aspects of the industry. The key element of the reform process was Participation of overseas insurance companies with 26% capital. Creating a more efficient and competitive financialsystem suitable for the requirements of the economy was the main idea behind this reform. Since then the insurance industry has gone through many sea changes .The competition LIC started facing from these companies were threatening to the existence of LIC .since the liberalization of the industry the insurance industry has never looked back and today stand as the one of the most competitive and exploring industry in India. The entry of the private players and the increased use of the new distribution are in the limelight today. The use of new distribution techniques and the IT tools has increased the scope of the industry in the longer run.
Download or read book The Indian Insurance Industry and Climate Change written by TERI Project Team and published by The Energy and Resources Institute (TERI). This book was released on 2006-01-01 with total page 86 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 Analysis of Efficiency of General Insurance Industry in India written by Abhijit Sinha and published by . This book was released on 2017 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is well known that the overall insurance sector in India has been undergoing a series of reforms from time to time. The drastic change that re-designed the contours of the industry is the implementation of the Malhotra Committee Recommendations which opened up the landscape to the private non-life insurers in 2000. The present study has been taken up to determine the efficiency of the non-life sector and the insurers using Data Envelopment Analysis (DEA). The empirical research also aims to statistically test whether there is any year-wise significant difference between the two sectors in respect of the overall efficiency. For the purpose, appropriate statistical test is applied. The study is based on secondary data collected from the Insurance Regulatory Authority of India (IRDA) Annual Reports. The sample size for this study is twelve including all the four insurers from the public sector and the remaining from the private sector. The results of the analysis showed that in terms of technical and pure technical efficiency, the overall result of the public sector surpasses that of the private. However, the findings of the Mann-Whitney U Test revealed that the result with respect to the statistical difference is mixed.
Download or read book INSURANCE written by NALINI PRAVA TRIPATHY and published by PHI Learning Pvt. Ltd.. This book was released on 2005-01-01 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the entry of many global players and tie-up of Indian finance companies with multinational insurance companies, the Indian insurance sector is making rapid stricles. This book provides an insight into the operational policies, practices and issues relating to the insurance business, with the latest trends in this sector. Divided into two parts and containing 21 chapters, the book has contributions from experts in their area of specialization. The first part contains an overview of insurance and its role in the services sector. It also examines the current status of development and future prospects of insurance industry in India, and proceeds to discuss factors affecting selection of life insurance products. The second part deals in details with rural, social and health insurance. It also covers the Gratuity system and Bancassurance. The book is intended as a text for postgraduate students of management (Finance specialization), and finance and professionals who have an interest in the increasingly expanding area.
Download or read book Recent Trends in Insurance Sector in India written by K. Ravichandran and published by . This book was released on 2007 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributed articles presented earlier at the National Level Seminar on "Recent Trends in Insurance Sector" in November 2006 at Gandhigram Rural University, Gandhigram.
