| Autor: |
Veerakumar, K., Ganesan, M., Swaminathan, R., Durgamani, M. K., Sehnaz, M. N. |
| Předmět: |
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| Zdroj: |
AIP Conference Proceedings; 2024, Vol. 3180 Issue 1, p1-11, 11p |
| Abstrakt: |
In today's world, everyone wants to be safe and secure. The insurance is a risk mitigation strategy. Insurance is a type of investment that provides financial protection for unexpected events. The government liberalized the insurance sector at the beginning of the 21st century. At the end of 2020, there are 58 insurance companies (24 Life insurance & 34 non-life insurance) offering insurance services in India. Insurance is a rapidly growing industry that began with the establishment of LIC, GIC, and private insurers after liberalization. There is a general thought among the public that public-sector insurers have been losing their market share to private-sector insurers in recent years. A comparative study for the period of 15 years is undertaken by the researcher to know whether public opinion is right or wrong about the insurance sector. The researcher studied the growth and achievement of both public and private sector insurers in India in terms of new products, new delivery channels, and customer satisfaction. The study reveals that the growth rate of public sector general insurers in terms of gross premium, net premium, number of new policies, and overall market share is far behind private sector insurers during the study period. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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