insurance sector

Description STUDY ON THE GROWTH OF INSURANCE SECTOR International Journal of Management Volume 1 • Issue 1 • May 2010 • pp. 17 –32http://iaeme.com/ijm.html IJM ©IAEM A STUDY ON THE GROWTH OF INDIAN INSURANCE SECTOR Dr. N. KANNAN. Assistant Professor in Department of Business Administration...

Description Large number of similar exposure units: Since insurance operates through pooling resources, the majority of insurance policies are provided for individual members of large classes, allowing insurers to benefit from the law of large numbers in which predicted losses are similar to the...

Description Insurance involves pooling funds from many insured entities (known as exposures) to pay for the losses that some may incur. TimeInsurance Leveraging Time Indian Sector Innovate Now Or Stagnate fasfdor December 2011 www.deloitte.com/in Contents Indian Insurance sector poised for...

Description Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. "Innovate" or "Evaporate" Health Insurance sector in India...

Description Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. How to Plan Invest In Insurance Sector? The economy of India has...

KISHORE BIYANI is the managing director, chief executive officer and chief knowledge officer. With a strong industry experience, sharp business acumen, and postgraduate degree in marketing management and strong business background, he introduced the concept of mega retail stores in...

World-wide premium volume from direct insurance increased in 1998 by 3.7% in real terms. Non-life business with an increase of 2.2% was characterised by a further decline in growth while life business gained momentum compared to 1994 (+5.3%). Measured in global terms, insurance business in...

Health Insurance: Standard Models 1. Indemnity Health Insurance Plans These are traditional reimbursements based policies. GIC’s Mediclaims is an example as the insured pays premiums towards a sum insured and he is then reinsured for his bills. The advantage of this model is the amount...

Role of Insurance Companies Insurance companies have a distribution network for selling life insurance products and with a little additional input such as the training the same sales force can sell pensions quickly and adequately. Product packaging could take away the complexities of pension...

The primary reasons for buying an insurance policy, whether life or non-life is to protect us from vagaries of life. We do not invest in insurance for returns; rather we invest in it for regrettable necessities. Though a large proportion of policies available in the country provides for returns...

Implications of Cost Management As is the case with most competitive industries, profitability and viability of a firm in the insurance industry significantly depends on its market share, and its ability to minimise its cost of operations without compromising the quality of its service and...

Organisational Structures and their Implications Insurance companies can be broadly divided into four categories: stock companies, mutual companies, reciprocal exchanges, and Llyod's companies. The former two are the dominant forms of organisational structures in the US insurance industry. A...

Liberalisation of Insurance Industry While no aspect of the reform process in India has gone smoothly since its inception in 1991, no individual initiative has stirred the proverbial hornets' nest as much as the proposal to liberalise the country's insurance industry. However, the political...

Restructuring of LIC and GIC In the insurance sector as of today and in all probabilities for a long time to come, LIC and GIC will form a very significant part. The reasons for these are many. Firstly, they have been in business for a long time and therefore, are in position to know...

The Insurance Potential The main reason why the leading insurance companies in the world and the leading corporate group in India have shown a keen interest in the insurance sector, is the vast potential for future business. Restricted, as the market has been, through the operations of the two...

The Role of IRA (a) the protection of consumers' interest, (b) to ensure financial soundness of the insurance industry and (c) To ensure healthy growth of the insurance market. These objectives must be achieved with minimum government involvement and cost. IRA's functioning...

Three Questions about Insurance Liberalization Three key, questions that impinge on liberalization of insurance business in India. Are: why liberalize, what market structure to have finally, what role for regulator Introduction The decision to allow private companies to sell...

Indian History: Time to turn the clock back-and open up insurance. For two years, around 30 foreign insurers have eagerly explored the nationalized Indian insurance market, preparing to leap in when private participation is allowed. But it seems they have an endless wait before the sector is...

A project report on ratio analysis of the company

Reserve Bank of India The Reserve Bank of India (RBI, Hindi: भारतीय रिज़र्व बैंक) is the central bank of India, and was established on April 1, 1935 in accordance with the provisions of the...