Profits & Premium Earned by General Insurance Company’s After Liberalization: An Analysis

Madan Mohan Dutta .

Abstract


Insurance is an important part for the economic development of a nation. Through insurance the risk of economic development is protected by spreading the risk both nationally and globally. The growth of the general insurance industry in India has seen significant levels of top line growth (Net premium) over the last few years. There has been a severe stress on the profitability of the insurers in India with the introduction of de-tariff, which has lead to a severe price war and occurrence of major claims.

The paper provides an understanding of growth of the general insurance industry in India and its effect on the profitability of the entire sector. The paper is also expected to bring about the causes for the decline in the profits for the general insurance industry even with the tremendous top line (premium) growth the industry is experiencing.

Keywords


General Insurance, Premium, Indemnity, Growth, Claim, Profit, De-tariff, Peril, Nationalization, Privatization, Reinsurance, IRDA, TAC, Correlation, Regression, Insurer, Insured, Banc-assurance, Broker, Malicious Damage, Inundation, Hypothesis, Primary, S

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References


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