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Author: R. Haridas
Publisher:
ISBN: 9788177082524
Category : Insurance, India
Languages : en
Pages : 0
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Book Description
After a long period of a monopolistic environment, the insurance sector in India was opened to private participation with the enactment of the Insurance Regulatory and Development Authority Act, 1999. Since then, the number of participants operating in life insurance, general insurance, and reinsurance, in both the public and private sectors, has increased. The opening up has augured well for the sector which has witnessed introduction of new products in recent years. In the field of life insurance, a wider choice is presently available to the customers, with products being tailor-made to the needs of the insured. Reforms have created competition in the insurance sector and given the customers a wide choice, not only in the matter of insurance companies, but also in terms of insurance products. However, the impact of increased competition is yet to be felt on insurance penetration. With banks having already been allowed to undertake insurance business, the bancassurance market has also come up in a big way. This book deals with life insurance business in India, focusing on recent reforms in this sector.
Author: R. Haridas
Publisher:
ISBN: 9788177082524
Category : Insurance, India
Languages : en
Pages : 0
Get Book Here
Book Description
After a long period of a monopolistic environment, the insurance sector in India was opened to private participation with the enactment of the Insurance Regulatory and Development Authority Act, 1999. Since then, the number of participants operating in life insurance, general insurance, and reinsurance, in both the public and private sectors, has increased. The opening up has augured well for the sector which has witnessed introduction of new products in recent years. In the field of life insurance, a wider choice is presently available to the customers, with products being tailor-made to the needs of the insured. Reforms have created competition in the insurance sector and given the customers a wide choice, not only in the matter of insurance companies, but also in terms of insurance products. However, the impact of increased competition is yet to be felt on insurance penetration. With banks having already been allowed to undertake insurance business, the bancassurance market has also come up in a big way. This book deals with life insurance business in India, focusing on recent reforms in this sector.
Author: J. David Cummins
Publisher: Springer Science & Business Media
ISBN: 0387341633
Category : Business & Economics
Languages : en
Pages : 1000
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Book Description
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.
Author: Tapas Kumar Parida
Publisher: Springer
ISBN: 981102233X
Category : Business & Economics
Languages : en
Pages : 111
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Book Description
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.
Author: H Sadhak
Publisher: SAGE Publications Pvt. Limited
ISBN: 9788178298467
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
Life Insurance in India: Opportunities, Challenges and Strategic Perspective is the first book on life insurance in the current context of globalization and economic reforms and traces the interdependence of life insurance and macro economic factors. It focuses on structural change, market potential and emerging challenges for the Indian Life Insurance industry and also covers the global life insurance industry, regulatory regime, and market friendly practices abroad. Thus it provides a powerful insight into emerging trends in the life insurance industry as a whole.
Author: Stephan Binder
Publisher: John Wiley & Sons
ISBN: 1118360265
Category : Business & Economics
Languages : en
Pages : 284
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Book Description
An incisive look at the war for market share in the Asian life insurance market Although the life insurance industry in Asia has emerged from the financial crisis stronger than ever, it has not escaped unchanged. As the general focus of insurance companies across the continent moves towards profitability beyond growth, tightening regulatory measures, shifts in consumer preferences, and risk tolerance, battle lines have been drawn between local incumbents, attackers, and foreign players. Life Insurance in Asia: Winning in the Next Decade, Second Edition looks at the ways in which small local agencies and multinational companies alike are seizing control of as much of the market as they can by aggressively recruiting new agents, leveraging new channels, and selling new products to cash in on the explosive Asian markets. Thoroughly revised and updated, this new edition offers a comprehensive introduction to the booming Asian life insurance markets and outlines exactly what it takes to capture the opportunities that are emerging. Drawing on the research and experience of the McKinsey Asia financial services team, it includes everything you need to know about the battle for the life insurance market in Asia. Looks at how China and India are becoming increasingly important players on the international life insurance scene Goes behind the scenes of the Asian life insurance industry and the contentious battle for market share Outlines the steps to successfully entering, and prospering, in the Asian market The life insurance industry in Asia is changing like never before. What the future holds, no one knows, but with Life Insurance in Asia in hand, you'll have a clear idea of the factions in play and the rules of the game.
Author: Nigel Davies
Publisher: International Monetary Fund
ISBN: 1451856008
Category : Business & Economics
Languages : en
Pages : 45
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Book Description
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.
Author: P S Palande
Publisher: SAGE
ISBN: 0761997474
Category : Business & Economics
Languages : en
Pages : 491
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Book Description
Following the reforms in the banking sector and the stock markets in India, the end of 1999 also saw the opening up of the insurance industry in India. In this timely book, the authors trace the origin of the insurance industry, the factors that led to its nationalization and the formation and working of the general and life insurance corporations. The book then presents an account of the developments in past and recent years, analyzes the transformation that has taken place after reforms, thus providing a comprehensive overview of the industry. It also takes a look at the new players that have entered the market, and offers suggestions about the future of the industry in terms of its: · potential and possible growth; · the products and services offered · the evolving market strategies in the context of the highly competitive environment. Concisely written and highly absorbing, this book will be of enormous interest and use to insurance agents, students of general management and insurance, academicians and business professionals in insurance and financial services.
Author: Prasanna Rajesh
Publisher: Business Expert Press
ISBN: 1949991539
Category : Business & Economics
Languages : en
Pages : 104
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Book Description
This book bridges the gap between the accounting and the actuarial sides of Indian life insurance companies, by exploring the relationships between the embedded value calculated by actuaries and the revenue account and balance sheet prepared by the accountants. The author provides publicly available sources of information to place a value on the shares of Indian life insurance companies from an outsider’s point of view. Life insurance company accounts are complex and require knowledge of specific concepts in order to analyze and appreciate them. This book will help a layperson with reasonable numerical abilities understand the calculation of the share price of a life insurance company. In particular, it will help analysts and accountants with no actuarial background understand the concepts of embedded and appraisal value. Cash flow statements of these companies are often ignored and delegated to the background or usually to a single page in their annual reports. This book examines the cash flows in detail and rearranges them to get a better picture of the financial health of the underlying companies. It also explains the relationship between the different measures of profit such as cash reserves, surplus, profit after tax, and embedded value. Often this information is only available internally or to consultants. The author uses alternative approaches based purely on public disclosures by these companies, thereby enabling professionals without access to internal information to come to informed judgments about the actual performance of the companies.
Author: Dezan Shira & Associates
Publisher: Springer Science & Business Media
ISBN: 3642276180
Category : Business & Economics
Languages : en
Pages : 261
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Book Description
The India Briefing Guide to Doing Business in India introduces one of the fastest growing economies in the world. The guide provides a thorough overview of India’s key demographics and business opportunities and infrastructure by region. Also included is information on FDI trends, business establishment procedures, economic zones and labor and tax considerations, analysis of Indian business etiquette and culture, and details of procedural, operational and tax differences between India and its economic and geographical neighbor, China. India Briefing’s guides are leaders in their field, providing practical business insights to foreign investors in India.
Author: Dr. ARUNA RAVI
Publisher: Archers & Elevators Publishing House
ISBN: 9388805410
Category : Antiques & Collectibles
Languages : en
Pages : 229
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Book Description
