An Analysis of the Performance of General Insurance Companies in IndiaAuthor : Soheli Ghose and Raman Kumar
Volume 8 No.1 January-March 2019 pp 20-27
The General Insurance Industry in India is growing at a very rapid pace. This is an empirical research based on secondary data collected from Annual Reports and Pro-forma Schedules of IRDA. An Excel data Model was created to taken in the core figures of GWP, NEP, NP and others of 4 General Insurance Majors to calculate other relevant ratios as need for the analysis. The objectives of this study are to analyze a few General Insurance companies in India and core Ratios related to the Insurance Sector only and to comparatively analyse Retention ratio, Total Claims Incurred, Earned Incurred Loss Ratio, and Combined Ratio. The conclusion report has been framed on the basis of which company seems to be the best with respect to its Future Growth prospects, Risk prospects and the stability of its growing business. Out of the companies analyzed, TATA-AIG GENERAL INSURANCE has a good future prospect.
Combined Ratio, Earned Incurred Loss Ratio, General Insurance, India, Retention Ratio and Total Claims Incurred
 Kumar. (2005). LIC Making Inroads into Rural India, Insurance Chronic, 42-49.
 Jagendra. (2005).Innovative Environment in Renovated Insurance Industry, The Insurance Times, 25, 4.
 Krishnamurthy. (2005). Insurance Sector: Challenges of Competition and Future Scenario, Vikalpa, 30(3), 93-119.
 Bakhshi. (2005). Integrated Approach: Key to Growth and Development, Vikalpa, 30(3), 93-119.
 Bhat and Dixit. (2005). Exploiting an Opportunity with Partnerships, Vikalpa, 30(4), 93-119.
 Rajesham & Rajendar. (2006). Changing Scenario of Indian Insurance Sector, Indian Journal of Marketing, July, 9.
 Selvavinayagam & Mathivanan. (2010). A Study on Policyholders Preference and Satisfaction of Services Rendered by Selected Life Insurance Companies in Tamilnadu, Namakal District, International Journal of Marketing and Trade Policy, 2(1-2), 47-56.