insurance industryis facing in India.Keywords: Insurance, Regulator, Life insurance, General insurance, Challenges, OpportunitiesINTRODUCTIONThe insurance industry in India has come a long way since the time when businesses were tightlyregulated and concentrated in the hands of a few public sector ...
Being one of the oldest and largest government-owned life insurance companies, LIC of India continues to be the dominant life insurer even in the liberalized scenario of the Indian insurance sector. For over years now, the company is surpassing its own past records. Here are few objectives of...
India's insurance sector is expected to quadruple to about US$250 billion over the next decade from around US$60 billion at present, according to a study by the Confederation of Indian Industry (CII) prepared in partnership with consultancy firm McKinsey & Co. The report said that the Indian...
The purpose of this chapter is to identify the attributes affecting the cost, revenue, and profit efficiency of life insurance companies in India from 2013–2014 to 2018–2019. A two-phase analysis is applied in the study. In the first phase, the cost, revenue, and profit efficiency scores...
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As India embraces digital transformation, inclusion, and a new role as a tech leader exemplified by a decade of technology transformation, or “techade,” new opportunities open up for the insurance sector and the wider financial services industry. With strong valuations and a significant growth ...
India being the second most populated country in the world, with 70 percent population in rural parts, there is huge untapped marked for both life insurance and gen-rneral insurance. With the Government's liberalization of this sector, there is huge opportunity for both private and public ...
Since then, the insurance sector in India is considered as a flourishing market amongst global insurance companies. In March 2013, the FDI limit has been raised from 26% to 49%. This long pending step will definitely boost the confidence of global insurers and investors. However, the largest ...
India's life insurance industry has the potential to grow to 2-2.5 times by 2020 from its current size even as it faces multiple challenges, including sudden regulatory changes, says a report by BCG Group. Archived articles are available to Magazine subscribers only. ...
Nigam said that personal savings and awareness regarding insurance will increasingly enable the sector to outperform in the long run and will indirectly benefit LIC as it is the market leader in this sector. Long term investors should continue to hold the scrip while short-term investors can wait...