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Concentration, Competition, Profitability and Performance Efficiency of Select Life Insurers in Kerala
In developing countries like India, the need for insurance, a safety net, is much greater, particularly at the poorest levels where vulnerability to risks is much greater and there are fewer opportunities available to recover from a large loss. The primary function of insurance is to act as a risk t...
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| Format: | Printed Book |
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International Journal of Research in Management, Economic sand Commerce,
2018
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| Online Access: | http://10.26.1.76/ks/007618.pdf |
| Summary: | In developing countries like India, the need for insurance, a safety net, is much greater, particularly at the poorest levels where vulnerability to risks is much greater and there are fewer opportunities available to recover from a large loss. The primary function of insurance is to act as a risk transfer mechanism to provide peace of mind and to protect against losses. Indian insurance industry in general and Kerala insurance industry in particular is facing major challenges in reaching out willing customers, providing them services, acquiring and retaining players, product and distribution, innovation etc. Apart from addressing the challenges of
customers, improving the performance to achieve profitable growth is a big challenge faced by life insurers. A well developed and evolved insurance industry is a boon for economic development as it provides long term funds for infrastructure development of every economy. A well performing life insurance industry benefits consumers, producers and insurance firm stockholders alike. The present study examines concentration, competition, profitability and performance efficiency of select life insurers (LIC of India, SBI life, ICICI Prudential, HDFC Life, Bajaj Allianz) in Kerala |
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| Physical Description: | Page 55-61 Volume 08 Issue 3, March 2018, |