Efficiency Analysis Of The Public Sector General Insurance Companies

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Efficiency Analysis of the Public Sector General Insurance Companies

Author : Manjit Singh
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Efficiency Analysis of the Public Sector General Insurance Companies by : Manjit Singh

Download or read book Efficiency Analysis of the Public Sector General Insurance Companies written by Manjit Singh and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the insurance sector has a dominant role to play in the financial system, many reforms were introduced in this sector. The main objective of the insurance sector reforms was to increase the efficiency and productivity of the insurance sector. In India, the market share of public insurance companies has been challenged in recent years by a variety of forces - from Internet disintermediation to aggressive marketing by new entrants, financial services deregulation, compliance pressure and competition from other investment vehicles. It is essential to study whether these reforms provided the desired results. The study attempts to compare the efficiency of Indian public sector general insurance companies during the pre- and post-reform periods. The study is mainly based on the secondary data and assesses the effect of reforms on the efficiency of the public sector general insurance companies. A comparison has been made of all the four public sector general insurance companies during the pre- and post-reform period. The pre-reform period includes 1993-94 to 1999-00, and the post-reform period includes 2000-01 to 2007-08. To evaluate the efficiency, Data Envelopment Analysis (DEA) approach has been used. The results reveal that the efficiency of the public sector general insurance companies is higher in the post-reform period than the pre-reform period.

Efficiency and Productivity Analyses of Public Sector General Insurance Firms in India

Author : Joy Chakraborty
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Efficiency and Productivity Analyses of Public Sector General Insurance Firms in India by : Joy Chakraborty

Download or read book Efficiency and Productivity Analyses of Public Sector General Insurance Firms in India written by Joy Chakraborty and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the rising presence of private players after the enactment of the Insurance Regulatory and Development Authority of India (IRDAI) Act in 1999, the four major public sector general insurance firms in India, namely, the National Insurance Company Limited, Oriental Insurance Company Limited, New India Assurance Company Limited and the United India Insurance Company Limited continued to dominate the Indian general insurance sector with a collective market share of 50.24% at the end of the FY 2014-15. However, the significant decline in the market shares of the state-owned general insurers, with an abrupt rise in the footfall of private players, has eventually raised concerns about their operational efficiency and productivity growth in the country's general insurance sector. The present study addresses the efficiency and productivity issues of the four major public sector general insurance firms in India against the backdrop of the US financial crisis of 2007-08. The study applies the nonparametric Data Envelopment Analysis (DEA) to evaluate the technical and scale efficiency scores along with total factor productivity changes of the four public sector non-life insurance companies during the post-deregulation study period from 2008-09 to 2014-15. The results of the study show United India Insurance Company as the most technically and scale efficient player, whereas the National Insurance Company was found to be the most productive player among the public sector general insurance firms during the period.

An Analysis of Efficiency of General Insurance Industry in India

Author : Abhijit Sinha
Publisher :
ISBN 13 :
Total Pages : 14 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis An Analysis of Efficiency of General Insurance Industry in India by : Abhijit Sinha

Download or read book An Analysis of Efficiency of General Insurance Industry in India written by Abhijit Sinha and published by . This book was released on 2017 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is well known that the overall insurance sector in India has been undergoing a series of reforms from time to time. The drastic change that re-designed the contours of the industry is the implementation of the Malhotra Committee Recommendations which opened up the landscape to the private non-life insurers in 2000. The present study has been taken up to determine the efficiency of the non-life sector and the insurers using Data Envelopment Analysis (DEA). The empirical research also aims to statistically test whether there is any year-wise significant difference between the two sectors in respect of the overall efficiency. For the purpose, appropriate statistical test is applied. The study is based on secondary data collected from the Insurance Regulatory Authority of India (IRDA) Annual Reports. The sample size for this study is twelve including all the four insurers from the public sector and the remaining from the private sector. The results of the analysis showed that in terms of technical and pure technical efficiency, the overall result of the public sector surpasses that of the private. However, the findings of the Mann-Whitney U Test revealed that the result with respect to the statistical difference is mixed.

Efficiency and Productivity Analyses of General Insurance Firms in India

Author : Joy Chakraborty
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Efficiency and Productivity Analyses of General Insurance Firms in India by : Joy Chakraborty

Download or read book Efficiency and Productivity Analyses of General Insurance Firms in India written by Joy Chakraborty and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The present study compares 12 general insurance companies in India in respect of technical and scale efficiencies, in addition to their Total Factor Productivity (TFP) scores, in a two output-two input framework for the period 2006-07 to 2015-16 using the non-parametric Data Envelopment Analysis (DEA) and Malmquist TFP index. The results revealed that the observed public sector general insurers exhibited higher mean technical efficiency and scale efficiency scores than the sampled private sector general insurers, when 'net premiums earned' and 'income from investments' were considered as output indicators covering all the years of the study period, both under the assumptions of constant returns to scale and variable returns to scale. But a comparison of the TFP scores reflected a marginally higher mean TFP growth rate in favor of the observed private sector general insurers than their public sector counterparts, in respect of both the output indicators over the study period.

Growth And Performance Of General Insurance Sector In India

Author : Fredrick Odoyo
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783659148897
Total Pages : 296 pages
Book Rating : 4.1/5 (488 download)

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Book Synopsis Growth And Performance Of General Insurance Sector In India by : Fredrick Odoyo

Download or read book Growth And Performance Of General Insurance Sector In India written by Fredrick Odoyo and published by LAP Lambert Academic Publishing. This book was released on 2012-06 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present study pertains to analysis and projection of growth and performance of General Insurance Sector in India. The major focus of the study is to evaluate the role of the Government in regulating the insurance industry and on the growth and performance and marketing strategies. The analysis revealed that the general Insurance penetration in India is very low as compared to international standards in general and in rural sector in particular. Liberalization of this sector has contributed a lot of opportunities for the growth of the rural market. The study found that the employees of the private sector insurance companies are more acquainted with the application of information and communication system than those from public sector firms, and consumers have less choice of products in the absence of tailor-made products to suit different categories of people. The private sector insurance companies are more cost-effective. The study will contribute to enhance the present knowledge in the field of insurance. The study recommends that the insurance regulatory and development authority should give more thrust on quality, service and discipline by insurers and related agencies.

Insurance and Issues in Financial Soundness

Author : Nigel Davies
Publisher : International Monetary Fund
ISBN 13 : 1451856008
Total Pages : 45 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Insurance and Issues in Financial Soundness by : Nigel Davies

Download or read book Insurance and Issues in Financial Soundness written by Nigel Davies and published by International Monetary Fund. This book was released on 2003-07-01 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.

Big Data Analytics in the Insurance Market

Author : Kiran Sood
Publisher : Emerald Group Publishing
ISBN 13 : 1802626395
Total Pages : 254 pages
Book Rating : 4.8/5 (26 download)

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Book Synopsis Big Data Analytics in the Insurance Market by : Kiran Sood

Download or read book Big Data Analytics in the Insurance Market written by Kiran Sood and published by Emerald Group Publishing. This book was released on 2022-07-18 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Big Data Analytics in the Insurance Market is an industry-specific guide to creating operational effectiveness, managing risk, improving financials, and retaining customers. A must for people seeking to broaden their knowledge of big data concepts and their real-world applications, particularly in the field of insurance.

The Economics of Financial Services in Emerging Markets

Author : Bhagirath Prakash Baria
Publisher : Taylor & Francis
ISBN 13 : 1000799247
Total Pages : 340 pages
Book Rating : 4.0/5 (7 download)

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Book Synopsis The Economics of Financial Services in Emerging Markets by : Bhagirath Prakash Baria

Download or read book The Economics of Financial Services in Emerging Markets written by Bhagirath Prakash Baria and published by Taylor & Francis. This book was released on 2022-12-06 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Any enquiry into the nature, performance, role, demerits, growth, efficiency, or other aspects of financial services such as banking and insurance activities, requires rigorous estimates of their economic output, i.e., the economic contributions made by these firms, as well as by the industries as a whole. Accordingly, this book condenses several theoretical, methodological, empirical, and philosophical issues in conceptualizing, measuring, and empirically operationalizing the economic output of the banking and insurance industries. The analytical focus is on both Global and Emerging Markets perspectives. The book synthesizes applied and conceptual evidence to locate the chosen theme's analytical patterns, consensus, and disagreements. The selected subject matter is studied within the firm-level and aggregate settings, bringing literature of varied scopes together. Contributions from various international academics, practitioners, and policymakers further enrich the narrative. The book concludes with data-driven case studies that analyze the extent to which the critical performance parameters of the banking and insurance industries in the BRIICS economies – including estimation of aggregate industry-level partial factor productivities, total factor productivity, technical efficiency, and returns to scale – vary concerning alternate measures of their output. The present work also provides a brief note on the inputs measurement dimension, following which there is a discussion on the limitations, future scope, and conclusions. This work will be valuable for researchers and policymakers undertaking performance analyses related to banking and insurance activities. It shall provide them with the examination of a plethora of analytical options and related issues on the theory and praxis of output measurement, all finely organized into one single volume.

Takaful and Mutual Insurance

Author : Serap O. Gonulal
Publisher : World Bank Publications
ISBN 13 : 0821397257
Total Pages : 226 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Takaful and Mutual Insurance by : Serap O. Gonulal

Download or read book Takaful and Mutual Insurance written by Serap O. Gonulal and published by World Bank Publications. This book was released on 2012-11-15 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Takaful, which means 'cooperative', is an insurance approach that is instrumental to providing insurance services to Muslims and others with religious objections to aspects of conventional commercial insurance models, specifically interest payments, uncertainty, or gambling kind of transactions.

Exploring Service Productivity

Author : Claudia Lehmann
Publisher : Springer
ISBN 13 : 3658230363
Total Pages : 344 pages
Book Rating : 4.6/5 (582 download)

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Book Synopsis Exploring Service Productivity by : Claudia Lehmann

Download or read book Exploring Service Productivity written by Claudia Lehmann and published by Springer. This book was released on 2018-07-23 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Claudia Lehmann explores service productivity from the providers, customer and operations perspective in the German airport industry using a solid empirical foundation. Available service productivity concepts, methods, measurements and their ability to overcome the emphasized problems are discussed, suggesting ways on how to deal with them. The insights of this book deliver considerable value for both management and academia.

Care Without Coverage

Author : Institute of Medicine
Publisher : National Academies Press
ISBN 13 : 0309083435
Total Pages : 213 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis Care Without Coverage by : Institute of Medicine

Download or read book Care Without Coverage written by Institute of Medicine and published by National Academies Press. This book was released on 2002-06-20 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many Americans believe that people who lack health insurance somehow get the care they really need. Care Without Coverage examines the real consequences for adults who lack health insurance. The study presents findings in the areas of prevention and screening, cancer, chronic illness, hospital-based care, and general health status. The committee looked at the consequences of being uninsured for people suffering from cancer, diabetes, HIV infection and AIDS, heart and kidney disease, mental illness, traumatic injuries, and heart attacks. It focused on the roughly 30 million-one in seven-working-age Americans without health insurance. This group does not include the population over 65 that is covered by Medicare or the nearly 10 million children who are uninsured in this country. The main findings of the report are that working-age Americans without health insurance are more likely to receive too little medical care and receive it too late; be sicker and die sooner; and receive poorer care when they are in the hospital, even for acute situations like a motor vehicle crash.

An Empirical Study of Investment Pattern of Indian Insurance Companies: A Case Study of Public and Private Insurance Companies

Author : Dr Manish Dadhich
Publisher : Book Rivers
ISBN 13 : 9355153570
Total Pages : 148 pages
Book Rating : 4.3/5 (551 download)

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Book Synopsis An Empirical Study of Investment Pattern of Indian Insurance Companies: A Case Study of Public and Private Insurance Companies by : Dr Manish Dadhich

Download or read book An Empirical Study of Investment Pattern of Indian Insurance Companies: A Case Study of Public and Private Insurance Companies written by Dr Manish Dadhich and published by Book Rivers. This book was released on 2022-05-24 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of Insurance

Author : Georges Dionne
Publisher : Springer Science & Business Media
ISBN 13 : 1461401550
Total Pages : 1133 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis Handbook of Insurance by : Georges Dionne

Download or read book Handbook of Insurance written by Georges Dionne and published by Springer Science & Business Media. This book was released on 2013-12-02 with total page 1133 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new edition of the Handbook of Insurance reviews the last forty years of research developments in insurance and its related fields. A single reference source for professors, researchers, graduate students, regulators, consultants and practitioners, the book starts with the history and foundations of risk and insurance theory, followed by a review of prevention and precaution, asymmetric information, risk management, insurance pricing, new financial innovations, reinsurance, corporate governance, capital allocation, securitization, systemic risk, insurance regulation, the industrial organization of insurance markets and other insurance market applications. It ends with health insurance, longevity risk, long-term care insurance, life insurance financial products and social insurance. This second version of the Handbook contains 15 new chapters. Each of the 37 chapters has been written by leading authorities in risk and insurance research, all contributions have been peer reviewed, and each chapter can be read independently of the others.

Finance Analytics in Business

Author : Sanjay Taneja
Publisher : Emerald Group Publishing
ISBN 13 : 1837535744
Total Pages : 356 pages
Book Rating : 4.8/5 (375 download)

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Book Synopsis Finance Analytics in Business by : Sanjay Taneja

Download or read book Finance Analytics in Business written by Sanjay Taneja and published by Emerald Group Publishing. This book was released on 2024-06-17 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finance Analytics in Business brings together specialists around the world working in various disciplines to reflect on finance analytics in business. This crucial field gives different views of a company’s financial data, and helps it gain knowledge to take action to improve financial performance.

Coverage Matters

Author : Institute of Medicine
Publisher : National Academies Press
ISBN 13 : 0309076099
Total Pages : 204 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis Coverage Matters by : Institute of Medicine

Download or read book Coverage Matters written by Institute of Medicine and published by National Academies Press. This book was released on 2001-10-27 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Roughly 40 million Americans have no health insurance, private or public, and the number has grown steadily over the past 25 years. Who are these children, women, and men, and why do they lack coverage for essential health care services? How does the system of insurance coverage in the U.S. operate, and where does it fail? The first of six Institute of Medicine reports that will examine in detail the consequences of having a large uninsured population, Coverage Matters: Insurance and Health Care, explores the myths and realities of who is uninsured, identifies social, economic, and policy factors that contribute to the situation, and describes the likelihood faced by members of various population groups of being uninsured. It serves as a guide to a broad range of issues related to the lack of insurance coverage in America and provides background data of use to policy makers and health services researchers.

Intangible Assets and Value Creation

Author : Juergen H. Daum
Publisher : John Wiley & Sons
ISBN 13 : 0470859237
Total Pages : 444 pages
Book Rating : 4.4/5 (78 download)

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Book Synopsis Intangible Assets and Value Creation by : Juergen H. Daum

Download or read book Intangible Assets and Value Creation written by Juergen H. Daum and published by John Wiley & Sons. This book was released on 2003-07-11 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the use of practical in-depth case studies and interviews with leading experts in the field, this book analyses the key elements in value creation in the new age. It provides practical guidance to organisations that will allow them to migrate successfully into an economy that demands new business models.

Efficiency and reform in government corporate functions through shared service centres

Author : Great Britain: National Audit Office
Publisher : The Stationery Office
ISBN 13 : 9780102975451
Total Pages : 60 pages
Book Rating : 4.9/5 (754 download)

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Book Synopsis Efficiency and reform in government corporate functions through shared service centres by : Great Britain: National Audit Office

Download or read book Efficiency and reform in government corporate functions through shared service centres written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2012-03-07 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2004, the Gershon Review recommended that the Government pursue the sharing of services, including human resources, finance, procurement and payroll, to achieve cost savings. It has been up to individual departments to establish their own arrangements and, between 2004 and 2011, eight major shared service centres emerged. The five centres examined by the NAO were expected to cost £0.9 billion to build and operate but, to date, they have cost £1.4 billion. They were also expected to have saved £159 million by the end of 2010-11. While, in one instance Government has achieved break-even in a time consistent with the private sector, its overall performance has been varied and the two centres that are still tracking benefits report a measured net cost of £255 million. Most departmental customers have not acted as 'intelligent customers' and they will need to build in-house capability with enough business and technical understanding to manage the services and work with the centres to achieve efficiencies. Among other findings are that the software systems used in the centres have added complexity and cost; and that, as the use of the centres has been voluntary, departments have struggled to roll-out shared services fully across all their business units and arm's length bodies. The Cabinet Office has recently gained approval for a new strategy and business case. The NAO considers the approach is ambitious and has challenging timescales. The Cabinet Office is actively working with departments on its implementation.