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 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 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 Underwriting Efficiency of Non Life Insurance Industry in India written by Nikita Singhal and published by . This book was released on 2019 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose: Insurance companies earn their profits through underwriting of premium from various policies and investing in various securities. If, premiums collected will not be adequate to cover the cost of coverage, insurance companies will confront underwriting loss. The purpose of this paper is to assess underwriting efficiency of non-life insurance industry in India.Design/methodology/approach: DEA models have been applied on two inputs (Share Capital and Total Investment) and three outputs (Profit, Net Premium and Investment Income). This study focuses upon nineteen non-life insurance companies operating in India over a period of five years from 2011-12 to 2015-16. Findings: Underwriting efficiency of non-life insurance industry has declined on both BCC model and CCR model from 2011-12 to 2014-15. However, it slightly improved in the year 2015-16. The study further highlights that during all years under study, four (21 per cent) to eight (42 per cent) non-life insurers have been found on the CRS frontier and seven (37 per cent) to twelve (63 per cent) non-life insurers have been found on the VRS frontier. With regard to scale efficiency issues, four (21 per cent) to eight (42 per cent) companies have been operated at their most productive scale over the study period. Research limitations/implications: Paper has successfully developed underwriting model for insurance companies. Taking clue from findings, insurance companies could deal with various underwriting related challenges in their respective companies. Originality/value: The paper uses DEA models to assess underwriting efficiency of insurance companies not discusses so far in previous studies.
Download or read book Recital of Non Life Insurance Industry written by Sankar C and published by LAP Lambert Academic Publishing. This book was released on 2015-10-13 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: The non-life insurance Companies are part of financial sector which are expected to show profits, though they are service-oriented organizations. The days are gone when the non-life insurance companies were set up with an exclusive motto of "service" instead of profit. The recent economic reforms urge the non-life insurance Companies to introduce various insurance schemes in order to make profits by directing the schemes at target group of customers. This book vital goal is to bring the reader update information about non-life insurance performance. It basically deals with structural facts in non-life insurance sector in India. It has yielded a metrics to evaluate the comparative performance of public and private sector non-life insurance companies. It is validated and tested in an environment where several national & international non-life insurance companies are vying to capture the small scale industries non-life insurance market. Moreover, it revealed the pitfalls in the performance such as awareness, buying behavior, communication, policy selection, satisfaction level etc., This requires immediate consideration, as it is against the recommended practices of providing service.
Download or read book Financial Performance of Insurance Industry in Post Liberalization Era in India written by Tanveer Ahmad and published by Createspace Independent Publishing Platform. This book was released on 2017-04-27 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This studies cover the topics, revies of literature Evaluation of Financial Performance of private sector insurers and comparative Statistical Analysis of Public and Private Non Life Insurers.
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 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 Insurance and Issues in Financial Soundness written by Nigel Davies and published by International Monetary Fund. This book was released on 2003-07-01 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.
Download or read book Performance of the Dutch Non life Insurance Industry written by Jacob Bikker and published by . This book was released on 2008 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 The Indian Insurance Industry written by Tapen Sinha and published by . This book was released on 2004 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
Download or read book Performance of Indian Insurance Industry in the Era of Liberalization written by Venkata Sai Srinivasa Rao Muramalla and published by . This book was released on 2020 with total page 1 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzed the performance of the Indian Insurance Industry in the post liberalization of the insurance sector in India.
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 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 Measuring productive performance in the non life insurance industry written by and published by . This book was released on 1992 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:
