Are General Insurance Companies Efficient in their Performance? – A Comparison

Authors

  • P Muthulakshmi IFIM College, Bengaluru, India

DOI:

https://doi.org/10.12725/ujbm.44.1

Keywords:

Economic Reforms, Non-life General Insurance Companies, Earnings and Profitability, Ratio Analysis

Abstract

The insurance sector has witnessed significant changes in the last few years, specifically due to the effects of liberalisation, globalisation, and privatisation. It is imperative to compare and study the earnings and profitability of public sector non-life general insurance companies in India. The public sector non-life general insurance companies are competing with each other, and also with the private players in the same industry and thereby reducing the processing costs and facilitating the innovation of different types of policies across the geographic boundaries. In this paper, secondary data is used to analyse the earnings and profitability of non-life general insurance companies in India by using certain ratios which are available exclusively to evaluate the performance of insurance companies such as Claim Ratio, Expenses Ratio, Combined Ratio, Investment Income Ratio and Return on Equity Ratio.

 

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References

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Published

2018-07-01

How to Cite

Muthulakshmi, P. (2018). Are General Insurance Companies Efficient in their Performance? – A Comparison. Ushus Journal of Business Management, 17(3), 1-7. https://doi.org/10.12725/ujbm.44.1