Indian Insurance Sector in 21st Century

Indian Insurance Sector in 21st Century PDF Author:
Publisher: Gyan Publishing House
ISBN: 9788178357829
Category : Insurance
Languages : en
Pages : 416

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Book Description

Indian Insurance Sector in 21st Century

Indian Insurance Sector in 21st Century PDF Author:
Publisher: Gyan Publishing House
ISBN: 9788178357829
Category : Insurance
Languages : en
Pages : 416

Get Book Here

Book Description


Indian Life and Health Insurance Industry

Indian Life and Health Insurance Industry PDF Author: Novi Dewan
Publisher: Springer Science & Business Media
ISBN: 3834997889
Category : Business & Economics
Languages : en
Pages : 183

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Book Description
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.

The Life Insurance Industry in India

The Life Insurance Industry in India PDF 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.

Indian Insurance Industry

Indian Insurance Industry PDF Author: D. C. Srivastava
Publisher:
ISBN: 9788177080063
Category : Industrial life insurance
Languages : en
Pages : 352

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Book Description
Examines The Relationship Between Insurance Services And Economic Development - Rationale Of Govt Regulations - Present Stage Of The Industry - Future Prospectsd - Has 3 Parts - 20 Contributions - Annexures - Bibliography - Index.

The Indian Insurance Industry

The Indian Insurance Industry PDF Author: Tapen Sinha
Publisher:
ISBN:
Category :
Languages : en
Pages : 81

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Book Description


BI Growth in Indian Insurance Sector

BI Growth in Indian Insurance Sector PDF Author: Prithvi Yadav
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
The insurance industry is now witnessing new competition in the market (such as risk management, branding, fraud, ROI, operational efficiency, etc.), due to which, insurers find themselves fighting in a larger battlefield. In this competitive world a successful insurer would be the one who is intelligent enough to have the foresight of the market and builds strategies to gain an edge over the competitors. A large pool of customers, increasing per capita income and low insurance penetration in developing countries such as China, India, Brazil, Thailand, make these insurance markets potential high growth candidates. In today's increasingly competitive business environment, Business Intelligence (BI) solution acts as a key factor. To stay ahead of the competition insurance companies require the ability to predict and also respond to the trends in the marketplace. This paper attempts to understand the challenges faced by the Indian insurance industry in view of the presence of multinational insurance companies in India which are equipped with up-to-date BI tools. BI tools applied on data collected from local insurance companies reveal that customer-oriented approach has been lacking. At the same, Indian companies are showing readiness to catch up with the BI era in order to move along with multinational companies. The current study shows the potentiality of the Indian insurance market in context of the global market and the case study applies some BI tools (Decision Tree Analysis and Multinomial Logistic Regression) on the data of an insurance company, availed by a local agent. The results generated by the tools have been validated by comparing them, and thus, it is shown that these tools are much appropriate for analysis of insurance data in a BI environment.

Life Insurance in India

Life Insurance in India PDF 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.

Handbook of International Insurance

Handbook of International Insurance PDF 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.

Growth of Indian Insurance Industry in the Era of Liberalization

Growth of Indian Insurance Industry in the Era of Liberalization PDF Author: Venkata Sai Srinivasa Rao Muramalla
Publisher:
ISBN:
Category :
Languages : en
Pages : 10

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Book Description
The insurance sector is one of the most promising sectors in India. Overall premiums sustained an average growth rate of 10.62 per cent during the period after liberalization of the sector in 1999 till 2009. This was one of the most steady growth patterns witnessed among emerging economies in Asian as well as global insurance markets. Higher per capita income, domestic savings and availability of more instruments for parking surplus funds has been facilitating the growth in the activities of insurance sector in India. Indian insurance industry with the largest number of life insurance policies in force in the world, the penetration of insurance as a percentage of GDP stood at 5.2 per cent as of March 2009 as against 1.2 per cent in 2000. In the light of these developments in the insurance industry, this paper signifies the issues of growth of Indian insurance sector particularly in the post-liberalization era.

E-Business: Issues and Challenges of 21st Century

E-Business: Issues and Challenges of 21st Century PDF Author: Prof. (Dr) B.B. Tiwari
Publisher: Allied Publishers
ISBN: 9389934214
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
Considering the way that E-Commerce helps in encouraging a positive business and regulatory condition, the book investigates the mechanics and usual ways of doing things of E-Commerce. Additionally, it demonstrates how different components identified with E-Commerce add to the development of a lively and dynamic electronic network, bringing about financial and economic growth. It covers a wide range of issues under the umbrella of E-Commerce and the information based economy. In doing as such, it dives deep into the applicable issues and incorporates all advances associated with it.