ICICI group insurance businesses. July 2003

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "ICICI group insurance businesses. July 2003"

Transcription

1 ICICI group insurance businesses July 2003

2 Contents Indian insurance sector ICICI Prudential Life Insurance ICICI Lombard General Insurance 2

3 The insurance opportunity in India 16.0% 14.0% 12.0% 14.2% 12.1% Premium as a % of GDP 10.0% 8.0% 9.0% 6.0% 4.0% 2.0% 5.2% 2.9% 2.7% 2.2% 0.0% United Kingdom South Korea United States Malaysia Thailand India China Life insurance General insurance Source: Swiss Re, Economic Research & Consulting (June 2002) The Indian insurance sector is under penetrated in both the life & general insurance segments 3

4 Private sector is gaining market share Life Insurance Non-Life Insurance % 7.8% % 9.5% % FY02 FY FY02 FY03 Public sector Private sector 4

5 The Indian insurance landscape today Number of players Segment Public sector Private sector Total Life Non-life Reinsurance 1-1 Source: IRDA Journal (July 2003) With increasing competition in the sector, success would depend on the following key factors 5

6 Key success factors Experience of sponsors Access to capital Strong brand Channel strength Speed & quality of reach to customer Access to customer base Sound risk measurement and management practices Building an optimal product portfolio Scale of operations Key requirement for ensuring operating & cost efficiencies 6

7 Contents Indian insurance sector ICICI Prudential Life Insurance ICICI Lombard General Insurance 7

8 Joint venture partner Prudential plc Largest life insurance company in U.K. & a leading player in Asia Present in about 15 countries Serves over 12 million customers Manages assets of about US$ billion Holds 26% stake in ICICI Prudential 8

9 Market leadership Share in private life insurance 1 market (%) in FY ICICI Prudential 39 Other Private Players Over twice the size of the nearest private player Share in Pensions (%) in FY % share in the overall pensions business 1 Excludes group business 23 8 ICICI Prudential Other Private Players LIC 9

10 Product mix 1 FY2002 FY2003 Non Par 8% Linked 3% Non Par 3% Linked 27% Par 62% Par Pensions 10% Linked Pensions 24% Par Pensions 27% Par 36% Higher proportion of linked business enhances capital efficiency 1 Annualised Premium Equivalent (APE) basis 10

11 Growth in distribution Particulars FY2002 FY2003 Q Locations Branches Staff 843 1,932 2,475 Agents 9,641 18,344 22,060 Bancassurance relationships Continued focus on expanding reach & penetration for increasing market share 11

12 Channel mix Particulars FY2002 % of APE FY2003 Q Tied agency 82% Corporate agency 11% Bancassurance 7% Total 100% 72% 10% 18% 100% 79% 7% 14% 100% ICICI Bank s share in bancassurance was about 46% in Q

13 Financial performance in FY2003 Particulars (Rs. million) FY2003 Q Net premium 4, PAT/ (Loss) (1,471.8) (352.0) Networth 1, ,373.7 NBAP

14 Contents Indian insurance sector ICICI Prudential Life Insurance ICICI Lombard General Insurance 14

15 Joint venture partner Lombard Canada One of the leading non-life insurers in Canada Asset base in excess of Canadian $1 billion Annual gross premium in excess of Canadian $750 million Lombard is a subsidiary of Fairfax Fairfax had total assets of about Canadian $35 billion and gross written premiums of over Canadian $8 billion in FY2002 Holds 26% stake in ICICI Lombard 15

16 Market share 16.8 FY2002 (%) FY2003 (%) Bajaj Allianz Tata AIG ICICI Lombard Iffco Tokio Reliance Others Source: IRDA Journal 16

17 Product mix in FY2003 Fire & Engg. Marine Motor Others Total Public sector Private sector* ICICI Lombard Total *excludes ICICI Lombard Focused on profitable segments such as fire & engineering having low loss ratios Source: IRDA Journal 17

18 18 Reach Reach Reach Reach Presence in 38 locations Presence in 38 locations Presence in 38 locations Presence in 38 locations Delhi Delhi Delhi Delhi A bad A bad A bad A bad Baroda Baroda Baroda Baroda Mumbai Mumbai Mumbai Mumbai Pune Pune Pune Pune H bad H bad H bad H bad B lore B lore B lore B lore Coimbatore Coimbatore Coimbatore Coimbatore Kolkata Kolkata Kolkata Kolkata Ludhiana Ludhiana Ludhiana Ludhiana Bhubaneshwar Bhubaneshwar Bhubaneshwar Bhubaneshwar Nagpur Nagpur Nagpur Nagpur Jaipur Jaipur Jaipur Jaipur Cochin Cochin Cochin Cochin Chennai Chennai Chennai Chennai Chandigar Chandigar Chandigar Chandigar h Indore Indore Indore Indore Bharuc Bharuc Bharuc Bharuc h Surat Surat Surat Surat Aurangabad Aurangabad Aurangabad Aurangabad Vizag Vizag Vizag Vizag Udaipur Udaipur Udaipur Udaipur Jamshedpur Jamshedpur Jamshedpur Jamshedpur Guwahati Guwahati Guwahati Guwahati Anand Anand Anand Anand Bhopal Bhopal Bhopal Bhopal Panjim Panjim Panjim Panjim Raipur Raipur Raipur Raipur Kanpur Kanpur Kanpur Kanpur Bhuj Bhuj Bhuj Bhuj Jalandhar Jalandhar Jalandhar Jalandhar Madurai Madurai Madurai Madurai Luckno Luckno Luckno Luckno w Rachi Rachi Rachi Rachi Patiala Patiala Patiala Patiala

19 Re-insurance & claims settlement Continued support of reinsurance majors including: Munich Re (lead) Swiss Re Highest reinsurance commission income levels amongst private insurers in India Tie-up with Cunningham Lindsey, world s second largest surveyors, for uniform and efficient claims settlement practices 19

20 Financial performance in FY2003 Particulars FY2003 (Rs. million) Q Gross Written Premium 2, ,261.5 Net premium Underwriting result (107.1) 11.4 PAT/ (Loss) Networth , ,

21 Thank you 21

Bajaj Allianz Life Insurance Co. Ltd. FY 2006-07. Bajaj Allianz Life Insurance Co. Ltd. <25 th June 2007>

Bajaj Allianz Life Insurance Co. Ltd. FY 2006-07. Bajaj Allianz Life Insurance Co. Ltd. <25 th June 2007> Bajaj Allianz Life Insurance Co. Ltd. FY 2006-07 1 Index Private Life Insurance Market Key Highlights : FY 2006-2007 BALIC Growth in New Business Key Financial Highlights Growth in Assets NBAP FY 2006-07

More information

Indian General Insurance Industry

Indian General Insurance Industry ICRA RATING FEATURE Financial ICRA RATING Sector FEATURE Ratings Indian General Insurance Industry Industry Outlook and Performance Review Contacts: Karthik Srinivasan +91 22 6179 6365 karthiks@icraindia.com

More information

PIN Code City Category Delhi D Delhi D Delhi D Delhi D Delhi D Delhi D Delhi D Delhi

PIN Code City Category Delhi D Delhi D Delhi D Delhi D Delhi D Delhi D Delhi D Delhi PIN Code City Category 110001 Delhi D4 110002 Delhi D4 110003 Delhi D4 110004 Delhi D4 110005 Delhi D4 110006 Delhi D4 110007 Delhi D4 110008 Delhi D4 110009 Delhi D4 110010 Delhi D4 110011 Delhi D4 110012

More information

FAQ on ECS - Credit Clearing

FAQ on ECS - Credit Clearing FAQ on ECS - Credit Clearing 1. What is ECS (Credit Clearing)? This is a method of payment whereby the institutions having to make a large number of payments (such as interest / dividend) can directly

More information

ELECTRIC FORKLIFT TRUCK

ELECTRIC FORKLIFT TRUCK ELECTRIC FORKLIFT TRUCK HIGHER RELIABILITY HIGHER PERFORMANCE HIGHER PRODUCTIVITY Capacity : 15 / 2 / 25 / 3 & 35 kg at 5 mm LC EVX 15 EVX 2 16 14 12 8 6 4 2 25 2 15 5 5 6 7 8 9 11 12 5 6 7 8 9 11 12

More information

A Study on Growth Impact of General Insurance Companies, Period 2007 2011

A Study on Growth Impact of General Insurance Companies, Period 2007 2011 Volume 2 Issue 2 (May 2013 Issue A Study on Growth Impact of General Insurance Companies, Period 2007 2011 Neha Jain 1, Dr. R. k. Shrivastava 2 1 Associate Professor, Mathematics Jims, Vasant Kunj, New

More information

NEW BUSINESS PRODUCT MIX FOR INDIVIDUAL REGULAR PREMIUM BUSINESS

NEW BUSINESS PRODUCT MIX FOR INDIVIDUAL REGULAR PREMIUM BUSINESS The reduction in ULIP sales has been most noticeable for the tied agency channel. The bancassurance distribution channel is relatively less affected due to the reduced commission level on ULIPs given the

More information

This is a licensed product of AM Mindpower Solutions and should not be copied

This is a licensed product of AM Mindpower Solutions and should not be copied 1 TABLE OF CONTENTS 1. India Heath Insurance Industry Introduction 2. India Health Insurance Industry Size 2.1. By Premium Underwritten, FY 2006-2.2. By Number of Policies and Premium per Policy, FY 2010-3.

More information

2. The UK Life and Non-Life Insurance Market Size by Value, 2001-2015

2. The UK Life and Non-Life Insurance Market Size by Value, 2001-2015 TABLE OF CONTENTS 1. The UK Insurance Market Introduction 2. The UK Life and Non-Life Insurance Market Size by Value, 2001-3. The UK Life and Non-Life Insurance Density, Premium Per Capita, USD, 2001-4.

More information

Sustained leadership in life insurance. September 2011

Sustained leadership in life insurance. September 2011 Sustained leadership in life insurance September 2011 Agenda Industry overview and outlook Recent market developments ICICI Prudential: Strategic elements Performance snapshot 2 Agenda Industry overview

More information

INSURANCE April 2010

INSURANCE April 2010 INSURANCE April 2010 INSURANCE April 2010 Contents Advantage India Market overview Policy and regulatory framework Opportunities Industry associations 2 ADVANTAGE INDIA Advantage India India is among the

More information

Asian Non Life Markets - Challenges and opportunities

Asian Non Life Markets - Challenges and opportunities Investor Day 2012 Asian Non Life Markets - Challenges and opportunities Gary Crist CEO Ageas Asia INVESTOR DAY 2012 Asian Non-Life Markets Challenges and Opportunities Conclusions China South Korea Taiwan

More information

Bajaj Allianz Life Insurance Co. Ltd. Nine months ended December 07

Bajaj Allianz Life Insurance Co. Ltd. Nine months ended December 07 Bajaj Allianz Life Insurance Co. Ltd. Nine months ended December 07 1 Index Key Highlights :: Nine months ended December 07 BALIC Growth in in New Business Investment Overview NBAP Nine months ended December

More information

3. Turkey Life and Non-Life Insurance Market Size by Value, 2001-2015

3. Turkey Life and Non-Life Insurance Market Size by Value, 2001-2015 TABLE OF CONTENTS 1. Turkey Insurance Market Introduction 2. Turkey Insurance Market Structure 2.1. Number of Insurance Companies in Turkey, 2001-2009 2.2. Headcount in Turkey Insurance Sector, 2001-2009

More information

Health Insurance business is doing reasonably well but it is largely coming from pure Health Insurance companies or Non-Life companies and the Life

Health Insurance business is doing reasonably well but it is largely coming from pure Health Insurance companies or Non-Life companies and the Life Health Insurance business is doing reasonably well but it is largely coming from pure Health Insurance companies or Non-Life companies and the Life companies seem to be struggling in this space. Discuss

More information

AESM - INSTRUCTIONS FOR ONLINE TEST PAYMENT AND SEAT BOOKING

AESM - INSTRUCTIONS FOR ONLINE TEST PAYMENT AND SEAT BOOKING PAYMENT OPTIONS 1. STEP 1 - ENTRANCE TEST FEES PAYMENT.......3 a) Option 1 ONLINE PAYMENT.......4 b) Option 2 DEMAND DRAFT.......5 2. STEP 2 - SEAT BOOKING FOR ONLINE ENTRANCE TEST.........6 Page 1 INTRODUCTION

More information

Canara HSBC OBC, Bajaj Allianz General and Apollo Munich triumph at the 2013 Indian Insurance Awards

Canara HSBC OBC, Bajaj Allianz General and Apollo Munich triumph at the 2013 Indian Insurance Awards Canara HSBC OBC, Bajaj Allianz General and Apollo Munich triumph at the 2013 Indian Insurance Awards 21 June 2013: Canara HSBC OBC Life Insurance Company, Bajaj Allianz General Insurance Company and Apollo

More information

Ahmedabad. Bangalore. Chandigarh. Charles Sturt University Curtin University CQUniversity Deakin University James Cook University - Brisbane

Ahmedabad. Bangalore. Chandigarh. Charles Sturt University Curtin University CQUniversity Deakin University James Cook University - Brisbane Branch Ahmedabad Bangalore Chandigarh Cities Curtin University Chennai Coimbatore Curtin University Delhi Hyderabad Australian Catholic University Kochi Kolkata Ludhiana Curtin University Mumbai Pune Vadodara

More information

2.1. Number of Insurance Companies in Portugal, 2001-2009 2.2. Headcount in Portugal Insurance Sector, 2001-2009

2.1. Number of Insurance Companies in Portugal, 2001-2009 2.2. Headcount in Portugal Insurance Sector, 2001-2009 TABLE OF CONTENTS 1. Portugal Insurance Market Introduction 2. Portugal Insurance Market Structure 2.1. Number of Insurance Companies in Portugal, 2001-2009 2.2. Headcount in Portugal Insurance Sector,

More information

Indian Chamber of Commerce. India Insurance Update April 2015

Indian Chamber of Commerce. India Insurance Update April 2015 Indian Chamber of Commerce India Insurance Update April 2015 1 LIIFE IINSURANCE Life insurance posts robust growth in Jun-Dec 2014 period: First Year Premium of Life Insurers stood at INR 10071.80 crore

More information

Roll Number Registration Number Place of Interview Date

Roll Number Registration Number Place of Interview Date Roll Number Registration Number Place of Interview Date 3909004246 980105222 New Delhi Thursday, March 10, 2016 4109000168 980009043 New Delhi Thursday, March 10, 2016 3909003841 980076015 New Delhi Thursday,

More information

STAR VIDYA LOAN SCHEME. List of premier educational Institutions in Engineering, Medical, Law & Management spears covered under this scheme:

STAR VIDYA LOAN SCHEME. List of premier educational Institutions in Engineering, Medical, Law & Management spears covered under this scheme: STAR VIDYA LOAN SCHEME List of premier educational Institutions in Engineering, Medical, Law & Management spears covered under this scheme: Sr.No. Institutes under Vidya Loan Scheme LIST A (Max. loan amount

More information

Enhancing Transparency and Monitoring of Insurance Markets 26-27 January, 2012 Bangkok, Thailand

Enhancing Transparency and Monitoring of Insurance Markets 26-27 January, 2012 Bangkok, Thailand Growth of Indian Insurance Industry and Determinants of Solvency Subir Sen, PhD subir.sen@teri.res.in TERI University, India nd OECD-Asia Regional Seminar on Insurance Statistics: ti ti Enhancing Transparency

More information

BUPA TO PAY Rs. 191 CRORE TO MAX INDIA TO RAISE STAKE IN MAX BUPA BY 23%.

BUPA TO PAY Rs. 191 CRORE TO MAX INDIA TO RAISE STAKE IN MAX BUPA BY 23%. BUPA TO PAY Rs. 191 CRORE TO MAX INDIA TO RAISE STAKE IN MAX BUPA BY 23%. Max India will own 51% and Bupa will own 49% in Max Bupa post requisite regulatory approvals 23 rd October, 2015, New Delhi Max

More information

Policy Perspectives Fresh Approach in CGD Business. Presented By: Rajesh Vedvyas Executive Director(Mktg.) GAIL(India) Ltd.

Policy Perspectives Fresh Approach in CGD Business. Presented By: Rajesh Vedvyas Executive Director(Mktg.) GAIL(India) Ltd. Policy Perspectives Fresh Approach in CGD Business Presented By: Rajesh Vedvyas Executive Director(Mktg.) GAIL(India) Ltd. The Genesis Why & How of CGD business! Need for realistic targets in the current

More information

BSES Rajdhani Power Limited Delhi CAT 1 0. BSES Yamuna Power Limited Delhi CAT 1 0. Bharat Sanchar Nigam Limited Ahmedabad CAT 1 0

BSES Rajdhani Power Limited Delhi CAT 1 0. BSES Yamuna Power Limited Delhi CAT 1 0. Bharat Sanchar Nigam Limited Ahmedabad CAT 1 0 Biller name Billing Circle Category Surcharge Airtel Broadband Chennai CAT 1 0 Airtel Telephone Delhi CAT 1 0 Airtel Broadband Karnataka CAT 1 0 Torrent Power Ahmedabad CAT 2 1.82% Bharti Airtel Limited

More information

Foreign Investments flow in Insurance Sector in 2016

Foreign Investments flow in Insurance Sector in 2016 Foreign Investments flow in Insurance Sector in 2016 (January 2016) The Associated Chamber of commerce and Industry of India Executive Summary Foreign investment of over Rs 12,000 crore is expected to

More information

A STUDY OF FINANCIAL PERFORMANCE: A COMPARATIVE ANALYSIS OF SBI AND ICICI BANK

A STUDY OF FINANCIAL PERFORMANCE: A COMPARATIVE ANALYSIS OF SBI AND ICICI BANK A STUDY OF FINANCIAL PERFORMANCE: A COMPARATIVE ANALYSIS OF SBI AND ICICI BANK DR. ANURAG. B. SINGH*; MS. PRIYANKA TANDON** * Associate Professor LDC Institute of Technical Studies Soraon, Allahabad (Uttar

More information

QUESTIONNAIRE ON HEALTH INSURANCE

QUESTIONNAIRE ON HEALTH INSURANCE QUESTIONNAIRE ON HEALTH INSURANCE Section A Name : Tel No : Area of Residence : Locality : Urban/Rural (Constituency) 1. Age Group a) 18-30 b) 31-40 c) 41-50 d) 51-60 e) Above 60 2. Gender a) Male b) Female

More information

IJPSS Volume 2, Issue 6 ISSN: 2249-5894

IJPSS Volume 2, Issue 6 ISSN: 2249-5894 LIFE INSURANCE CORPORATION OF INDIA: A GIANT IN INDIA S INSURANCE SECTOR Dr. Ravi N. Kadam* _ ABSTRACT INTRODUCTION The history of life insurance in India started after the establishment of a British firm,

More information

India Insurance Market Outlook to 2015

India Insurance Market Outlook to 2015 Brochure More information from http://www.researchandmarkets.com/reports/1556958/ India Insurance Market Outlook to 2015 Description: The Report titled India Insurance Market Outlook to 2015 provides an

More information

CHALLENGES AND OPPORTUNITIES FOR INDIAN MOTOR THIRD PARTY INSURANCE POOL

CHALLENGES AND OPPORTUNITIES FOR INDIAN MOTOR THIRD PARTY INSURANCE POOL CHALLENGES AND OPPORTUNITIES FOR INDIAN MOTOR THIRD PARTY INSURANCE POOL INTRODUCTION Jagendra Kumar, Corporate Head, (Trg), Shriram Group Companies, Jaipur Indian Motor Third Party Insurance Pool (IMTPIP)

More information

PRESS RELEASE Full year results Ageas UK, 12 February 2015

PRESS RELEASE Full year results Ageas UK, 12 February 2015 PRESS RELEASE Full year results Ageas UK, 12 February 2015 Ageas UK delivers profitable performance in 2014 Executive Summary Profitable performance despite challenging market conditions and first quarter

More information

At a Glance. Constructed Over 3.0 million sq. ft. in Retail, Entertainment, Commercial, Parking & Residential Assets. Planned (next 3 years)

At a Glance. Constructed Over 3.0 million sq. ft. in Retail, Entertainment, Commercial, Parking & Residential Assets. Planned (next 3 years) spine to be adjusted by printer At a Glance Phoenix Market City PUNE Targeted Launch Q4 - FY11 Phoenix Market City MUMBAI Targeted Launch Q4 - FY11 Phoenix Market City BANGALORE Targeted Launch Q4 - FY11

More information

Mileage Chart March 2012

Mileage Chart March 2012 Mileage Chart March 2012 Multiple opportunities to earn The JetPrivilege programme offers you multiple opportunities to earn on Jet Airways, JetKonnect and Jet Airways marketed codeshare flights and when

More information

Insurance Processes Outsourcing : Trends in the Domestic Insurance BPO

Insurance Processes Outsourcing : Trends in the Domestic Insurance BPO Insurance Processes Outsourcing : Trends in the Domestic Insurance BPO Arun Jethmalani, Chief Executive Officer, ValueNotes The Insurance Technology Annual Summit 2009 December 14 Hotel Taj President Mumbai

More information

Among top insurance markets. Rapidly growing insurance segments. Increasing private sector contribution

Among top insurance markets. Rapidly growing insurance segments. Increasing private sector contribution Among top insurance markets India ranked 10 th among 147 countries in the life insurance business, with a share of 2.03 per cent during FY13 The country ranked 19 th among 147 countries in the non-life

More information

Line Interactive UPS. Cheerups. Cheerups. Installation and Operation Manual. An ISO 9001:2008 Company. C he erup s

Line Interactive UPS. Cheerups. Cheerups. Installation and Operation Manual. An ISO 9001:2008 Company. C he erup s Line Interactive UPS Cheerups Cheerups C he erup s Installation and Operation Manual An ISO 9001:2008 Company Installation and Operation Manual 1.0 1 Package Contents 2 You should have received the following

More information

PNB PRATIBHA- NEW EDUCATION LOAN SCHEME. *For students of IIMs/IITs/ NITs/ other premier institutes.

PNB PRATIBHA- NEW EDUCATION LOAN SCHEME. *For students of IIMs/IITs/ NITs/ other premier institutes. PNB PRATIBHA- NEW EDUCATION LOAN SCHEME *For students of IIMs/IITs/ NITs/ other premier institutes. *At 10.75% ROI for girl students and 11.25% for male students# Education loan Scheme for students of

More information

COVER NOTES IN THIS ISSUE. No. 14 February 2012

COVER NOTES IN THIS ISSUE. No. 14 February 2012 No. 14 February 2012 COVER NOTES IN THIS ISSUE Domestic News Reinsurance rates up, GIC reduces exposure Insurance policies may be available in demat form soon Finance minister urges IRDA to incentivize

More information

Indian Financial Sector: Outlook and Opportunities. December 1, 2006

Indian Financial Sector: Outlook and Opportunities. December 1, 2006 Indian Financial Sector: Outlook and Opportunities December 1, 2006 Economic backdrop Demographic forces Continued expansion of services sector GDP growth of over 8% Resurgent industrial sector Untapped

More information

a. Clearing of Local (intra-city) cheques/instruments and payment of interest for delayed collections:

a. Clearing of Local (intra-city) cheques/instruments and payment of interest for delayed collections: POLICY ON COLLECTION OF CHEQUES/INSTRUMENTS Reserve Bank of India, vide its circular reference DBOD.No. Leg. BC.55/09.07.005/2004-05 dated November 1, 2004, withdrew instructions relating to (i) Immediate

More information

This is a licensed product of Ken Research and should not be copied

This is a licensed product of Ken Research and should not be copied 1 TABLE OF CONTENTS 1. Asia-Pacific Insurance Industry 1.1. Industry Introduction 1.2. Asia-Pacific Insurance Market Size by Direct Written Premium, 2005-2012P 1.3. Asia-Pacific Insurance Market Segmentation

More information

THE insurance sector in India,

THE insurance sector in India, 8 With the life and non-life sectors in India expected to continue growing at a buoyant pace, international and domestic financial majors are unveiling ambitious plans to tap the potential in the sector.

More information

Mr. N. S. Kannan s opening remarks for analyst call on January 28, 2016

Mr. N. S. Kannan s opening remarks for analyst call on January 28, 2016 Mr. N. S. Kannan s opening remarks for analyst call on January 28, 2016 Good evening and welcome to the conference call on the financial results of ICICI Bank for the quarter ended December 31, 2015, that

More information

ASIAN JOURNAL OF MANAGEMENT RESEARCH Online Open Access publishing platform for Management Research

ASIAN JOURNAL OF MANAGEMENT RESEARCH Online Open Access publishing platform for Management Research Online Open Access publishing platform for Management Research Copyright by the authors Licensee IPA Under Creative Commons license 3.0 Research Article ISSN 2229 3795 Indian life insurance industry changing

More information

This is a licensed product of Ken Research and should not be copied

This is a licensed product of Ken Research and should not be copied 1 TABLE OF CONTENTS 1. India Insurance Market Introduction Pre-Liberalization Period Post Liberalization period-formation of IRDA Current Market Scenario- FY 2013-FY 2014 India Insurance Market- An Overview

More information

Global Insurance CONTENTS. Report Synopsis. Industry Surveys. March 2006. 1. Executive Summary 10. 2. Highlights 12

Global Insurance CONTENTS. Report Synopsis. Industry Surveys. March 2006. 1. Executive Summary 10. 2. Highlights 12 Industry Surveys Global Insurance www.reportsure.com March 2006 Report Synopsis In 2004 insurance premiums accounted for nearly 8% of global GDP, with a value of USD 3,244 billion. The industry grew by

More information

INDIAN LIFE INSURANCE INDUSTRY CHANGING SCENARIO AND NEED FOR INNOVATION

INDIAN LIFE INSURANCE INDUSTRY CHANGING SCENARIO AND NEED FOR INNOVATION Journal of Social and Economic Policy, Vol. 11, No. 1, June 2014, pp. 103-108 INDIAN LIFE INSURANCE INDUSTRY CHANGING SCENARIO AND NEED FOR INNOVATION ARVIND KUMAR SINGH * AND MAMTA SINGH ** In the last

More information

Investment in an Indonesian Life Insurance Company, PT Panin Life

Investment in an Indonesian Life Insurance Company, PT Panin Life June 4 th 2013 Koichiro Watanabe President and Representative Director The Dai-ichi Life Insurance Company, Limited Code: 8750 (TSE First section) Investment in an Indonesian Life Insurance Company, PT

More information

Claim Settlement Process of Life Insurance Services - A Case study of ICICI Prudential Life Insurance Company

Claim Settlement Process of Life Insurance Services - A Case study of ICICI Prudential Life Insurance Company International Letters of Social and Humanistic Sciences Vol. 35 (2014) pp 26-32 Online: 2014-07-11 (2014) SciPress Ltd., Switzerland doi:10.18052/www.scipress.com/ilshs.35.26 Claim Settlement Process of

More information

Online Life Insurance Market in India 2015-2019

Online Life Insurance Market in India 2015-2019 Brochure More information from http://www.researchandmarkets.com/reports/3196694/ Online Life Insurance Market in India 2015-2019 Description: Online life insurance products and services Life insurance

More information

Marks : Five marks one question. Maximum 13 + 5 = 18.

Marks : Five marks one question. Maximum 13 + 5 = 18. Marks : One mark one question. Two marks one question. Ten marks one question. Five marks one question. Maximum 13 + 5 = 18. TOPICS STUDIED: 1. Meaning and Definition of Capital Market. 2. Need and importance

More information

Changes in Life Insurance Industry in India

Changes in Life Insurance Industry in India Changes in Life Insurance Industry in India S. Suresh, Assistant Professor of Commerce, SRR Government Arts & Science College, Karimnagar Introduction The growing complexity of life, trade and commerce,

More information

2.1. Number of Insurance Companies in Poland, 2001-2009 2.2. Headcount in Poland Insurance Sector, 2001-2009

2.1. Number of Insurance Companies in Poland, 2001-2009 2.2. Headcount in Poland Insurance Sector, 2001-2009 TABLE OF CONTENTS 1. Poland Insurance Market Introduction 2. Poland Insurance Market Structure 2.1. Number of Insurance Companies in Poland, 2001-2.2. Headcount in Poland Insurance Sector, 2001-3. Poland

More information

AUGUST 2015 For updated information, please visit www.ibef.org

AUGUST 2015 For updated information, please visit www.ibef.org 1 Executive Summary.....3 Advantage India...4 Market Overview & Trends....6 Porters Five Forces Analysis... 22 Strategies Adopted 24 Growth Drivers...26 Opportunities.. 33 Success Stories.. 44 Useful Information..51

More information

Overview of Asian Insurance Markets

Overview of Asian Insurance Markets Overview of Asian Insurance Markets Simon Walpole Session Number: TPS2 Joint IACA, IAAHS and PBSS Colloquium in Hong Kong www.actuaries.org/hongkong2012/ Market Ranking in Asia Notes: 1. Colored boxes

More information

IT Infrastructure Service Business Strategy for India

IT Infrastructure Service Business Strategy for India 270 Hitachi Review Vol. 64 (2015), No. 5 Featured Articles IT Infrastructure Service Business Strategy for India Kazuyuki Morihata Hideo Tsuru Kazuma Miyamoto Ryosuke Shimura OVERVIEW: With India expected

More information

Travel & Tourism s Top Ten Emerging Market

Travel & Tourism s Top Ten Emerging Market Travel & Tourism s Top Ten Emerging Market Presented by: Tourism Intelligence International Vienna, October 2011 Travel and Tourism Top Ten Emerging Markets India India the Future Superpower India s Economy

More information

PRESS RELEASE 3M 2015 results Ageas UK, 8 May 2015

PRESS RELEASE 3M 2015 results Ageas UK, 8 May 2015 PRESS RELEASE 3M 2015 results Ageas UK, 8 May 2015 Profitable first quarter for Ageas UK Executive Summary Increased year on year profit reflecting benign weather impact Net profit of GBP 12.0 million

More information

JANUARY 2016 For updated information, please visit www.ibef.org

JANUARY 2016 For updated information, please visit www.ibef.org 1 Executive Summary.....3 Advantage India...4 Market Overview & Trends....6 Porters Five Forces Analysis... 22 Strategies Adopted 24 Growth Drivers...26 Opportunities.. 33 Success Stories.. 43 Useful Information..50

More information

Recent trends of dynamically growing and developing life insurance markets in Asia

Recent trends of dynamically growing and developing life insurance markets in Asia Recent trends of dynamically growing and developing life insurance markets in Asia Tomikazu HIRAGA, Ph.D. and LL.M. General Manager for Asia, NLI Research Institute Asia is a growth market where foreign

More information

New in online. Ground Realities. admission table. DULEEP DEOSTHALE, PhD

New in online. Ground Realities. admission table. DULEEP DEOSTHALE, PhD admission table New in online Engineering marketing & India: Ground Realities admissiontable.com DULEEP DEOSTHALE, PhD Co Founder and Vice President International Education Co Founder and Vice President

More information

Current Situation and Future Perspective of Korean Insurance Industry. Dong-Han Chang (Vice President of KIAS)

Current Situation and Future Perspective of Korean Insurance Industry. Dong-Han Chang (Vice President of KIAS) Current Situation and Future Perspective of Korean Insurance Industry Dong-Han Chang (Vice President of KIAS) CONTENTS Ⅰ. Current Situation of Korean Insurance Industry Ⅱ. Future Perspective of Korean

More information

The life insurance sector

The life insurance sector BY: DR A. MUTHUSAMY AND A. MEERA WINDS OF CHANGE MARK LIFE INSURANCE MARKET IN INDIA India is still an under-insured country and holds the 18th position in the life insurance market of the world. The life

More information

ITIL framework. ITIL framework

ITIL framework. ITIL framework ITIL framework ITIL framework n the recent years, an increase in business Idependency on IT services has changed the way and the extent to which businesses consider the delivery of such IT services. IT

More information

3RC TIMES ENGINEERING RANKING SURVEY 2015 - METHODOLOGY

3RC TIMES ENGINEERING RANKING SURVEY 2015 - METHODOLOGY 3RC TIMES ENGINEERING RANKING SURVEY 2015 - METHODOLOGY The objective of this research was to arrive at a list of top engineering institutes in India. The study had two major modules i.e. Perceptual Rating

More information

The business transformation enabler. Precision Infomatic (M) Pvt. Ltd.

The business transformation enabler. Precision Infomatic (M) Pvt. Ltd. The business transformation enabler Precision Infomatic (M) Pvt. Ltd. THE PRECISION GROUP The Precision Group is head quartered at Chennai, India and is one of India s premier sources for IT products,

More information

Insurance Overview. Dan Bardin Prudential Corporation Asia November 2004

Insurance Overview. Dan Bardin Prudential Corporation Asia November 2004 Insurance Overview Dan Bardin Prudential Corporation Asia November 2004 Introduction Since our last meeting 4 Years Of continued growth for Prudential Corporation Asia Of strengthening our position in

More information

Press release Brussels/Utrecht, 17 November 2009 Q3 2009 trading update

Press release Brussels/Utrecht, 17 November 2009 Q3 2009 trading update Press release Brussels/Utrecht, 17 November 2009 Q3 2009 trading update Total gross inflow first nine months stable at EUR 11.4 billion Insurance net profit year-to-date of EUR 371 million Group net profit

More information

2. Italy Life and Non-Life Insurance Market Size by Value, 2001-2015

2. Italy Life and Non-Life Insurance Market Size by Value, 2001-2015 TABLE OF CONTENTS 1. Italy Insurance Market Introduction 2. Italy Life and Non-Life Insurance Market Size by Value, 2001-2015 3. Italy Life and Non-Life Insurance Density, Premium Per Capita, USD, 2001-2015

More information

Billing. 1 Bharti Airtel Limited, Tamil Nadu Chennai Telephone Category 2 1.82

Billing. 1 Bharti Airtel Limited, Tamil Nadu Chennai Telephone Category 2 1.82 SN Biller Name Billing Circle Category CAT 1 /CAT 2 Surcharge 1 Bharti Airtel Limited, Tamil Nadu Chennai Telephone Category 2 1.82 2 3 Airtel Broadband And Telephone Services, Delhi Airtel Broadband and

More information

CHAPTER 5 FINANCIAL REPORTING PRACTICES OF LIFE INSURANCE COMPANIES

CHAPTER 5 FINANCIAL REPORTING PRACTICES OF LIFE INSURANCE COMPANIES CHAPTER 5 FINANCIAL REPORTING PRACTICES OF LIFE INSURANCE COMPANIES CHAPTER 5 FINANCIAL REPORTING PRACTICES OF LIFE INSURANCE COMPANIES Life Insurance Corporation of India (LIC) was a sole player in the

More information

News Release January 28, 2016. Performance Review: Quarter ended December 31, 2015

News Release January 28, 2016. Performance Review: Quarter ended December 31, 2015 News Release January 28, 2016 Performance Review: Quarter ended December 31, 20% year-on-year growth in total domestic advances; 24% year-on-year growth in retail advances 18% year-on-year growth in current

More information

INTERNATIONAL JOURNAL OF MANAGEMENT (IJM)

INTERNATIONAL JOURNAL OF MANAGEMENT (IJM) INTERNATIONAL JOURNAL OF MANAGEMENT (IJM) International Journal of Management (IJM), ISSN 0976 6502(Print), ISSN 0976 ISSN 0976-6502 (Print) ISSN 0976-6510 (Online) Volume 4, Issue 1, January- February

More information

PRESS RELEASE 9M 2015 results Ageas UK, 4 November 2015

PRESS RELEASE 9M 2015 results Ageas UK, 4 November 2015 PRESS RELEASE 9M 2015 results Ageas UK, 4 November 2015 Ageas UK announces nine month profitable performance Executive Summary Solid year on year profit Net profit of GBP 46.9 million compared to an underlying

More information

Management Policies of Nippon Express. March 2007

Management Policies of Nippon Express. March 2007 Management Policies of Nippon Express March 2007 1. Our Group's Business Framework 1. Our Group's Business Framework Nippon Express Group Overseas Japan Asia-Oceania Europe Americas Domestic transport

More information

ROLE OF INSURANCE IN ECONOMIC DEVELOPMENT OF INDIA

ROLE OF INSURANCE IN ECONOMIC DEVELOPMENT OF INDIA 81 ROLE OF INSURANCE IN ECONOMIC DEVELOPMENT OF INDIA MONALISA GHOSAL* ABSTRACT The economic development of India was dominated by socialist influenced policies, stateowner sector, and red tape and extensive

More information

Mr. Tariq Saeed Chaudhry. Regional Manager Corporate Distribution Pak Qatar Family Takaful Limited 11 13 th March, 2013, Lahore, Pakistan

Mr. Tariq Saeed Chaudhry. Regional Manager Corporate Distribution Pak Qatar Family Takaful Limited 11 13 th March, 2013, Lahore, Pakistan Mr. Tariq Saeed Chaudhry PhD Scholar, FLMI, ACS, Certified Takaful Professional Regional Manager Corporate Distribution Pak Qatar Family Takaful Limited 11 13 th March, 2013, Lahore, Pakistan Agenda Section

More information

LT/HT Power & Control Cables

LT/HT Power & Control Cables LT/HT Power & Control Cables Price List w.e.f. July, 2013 HT Single Core Power Cables HT Three Core Power Cables LT Aluminium Power Cables LT Copper Cables - Power and Control ISO-9001/ 14001/18001 Certified

More information

LT/HT Power & Control Cables

LT/HT Power & Control Cables LT/HT Power & Control Cables Price List w.e.f. July, 2014 HT Single Core Power Cables HT Three Core Power Cables LT Aluminium Power Cables LT Copper Cables - Power and Control ISO-9001/ 14001/18001 Certified

More information

S.Y.B.Com. Principles and Practice of Insurance

S.Y.B.Com. Principles and Practice of Insurance AC 29/4/2013 Item no. 4.120 S.Y.B.Com Principles and Practice of Insurance Objectives 1. To have a comprehensive understanding of insurance industry with key inputs 2. To understand insurance as an integral

More information

FDI inflows in Indian Insurance Sector An Analysis

FDI inflows in Indian Insurance Sector An Analysis FDI inflows in Indian Insurance Sector An Analysis A.Maruthi Devi Chowdary, Lecturer in Commerce, Govt Degree College-Mandapeta ß¾ ½ æ ²¼ ² ² «²½»»½ ± ± ¼±³ ²»¼ ¾» Ô º» ² «²½» ݱ ± ±²ô Ù»²» ² «²½» ݱ ±

More information

Multiple opportunities to get rewarded with JPMiles

Multiple opportunities to get rewarded with JPMiles Mileage Chart Multiple opportunities to get rewarded with JPMiles The JetPrivilege programme offers you multiple opportunities to get rewarded with JPMiles on Jet Airways, JetKonnect and Jet Airways marketed

More information

Allianz - Acquisition of Yapi Kredi Sigorta

Allianz - Acquisition of Yapi Kredi Sigorta Allianz - Acquisition of Yapi Kredi Sigorta Dieter Wemmer, Chief Financial Officer Conference call March 27, 2013 Transaction overview Allianz and Yapi Kredi Bank enter into a long-term partnership: Allianz

More information

Insurance Business: focusing on tactical opportunities to improve their

Insurance Business: focusing on tactical opportunities to improve their Insurance Business: focusing on tactical opportunities to improve their performance in India. Abstract This study is conduct to know the approach of the insurance sector in Indian economy and to measure

More information

FDI in the Insurance Sector A Short Note (Submitted by the Left Parties to the UPA)

FDI in the Insurance Sector A Short Note (Submitted by the Left Parties to the UPA) FDI in the Insurance A Short Note (Submitted by the Left Parties to the UPA) The Finance Minister, while presenting the first Budget of the UPA government, has proposed to raise the FDI cap in three sectors.

More information

LT/HT Power & Control Cables

LT/HT Power & Control Cables LT/HT Power & Control Cables Price List w.e.f. July, 1 (Rev. 01) HT Single Core Power Cables HT Three Core Power Cables LT Aluminium Power Cables LT Copper Cables - Power and Control ISO-9001/ 1001/18001

More information

Quality of ecrm Services and Customer Satisfaction in Life Insurance Sector in India Prof. Dr. Shivaji Borhade Head, Department of Commerce Bharati

Quality of ecrm Services and Customer Satisfaction in Life Insurance Sector in India Prof. Dr. Shivaji Borhade Head, Department of Commerce Bharati 1 Quality of ecrm Services and Customer Satisfaction in Life Insurance Sector in India Prof. Dr. Shivaji Borhade Head, Department of Commerce Bharati Vidyapeeth University e-mail: drsnborhade@gmail.com

More information

100 SMART CITIES BY 2024

100 SMART CITIES BY 2024 100 SMART CITIES BY 2024 2 Presentation Outline Context Comprehensive Four Pillars of Smart City Selection and Conditions Precedent Strategy & Approach Proposed Funding Way forward & Timelines 3 Urban

More information

Results for the quarter ended December 31, 2015. Investor Presentation January 21, 2016

Results for the quarter ended December 31, 2015. Investor Presentation January 21, 2016 Results for the quarter ended December 31, 2015 Investor Presentation January 21, 2016 Disclaimer This presentation does not constitute a prospectus, an offering circular, an advertisement, a private placement

More information

TERMS OF REFERE CE HEALTH CARE I SECO D TIER CITIES A D RURAL I DIA

TERMS OF REFERE CE HEALTH CARE I SECO D TIER CITIES A D RURAL I DIA TERMS OF REFERE CE HEALTH CARE I SECO D TIER CITIES A D RURAL I DIA 1 Background and introduction Who are we? The International Finance Corporation (IFC) with the support of the Government of Netherlands

More information

Saluting 16 Years of Excellence

Saluting 16 Years of Excellence 16 16 th th Asia Insurance Industry Awards 2 12 Saluting 16 Years of Excellence Service Provider of the Year BELFOR Asia BELFOR Asia s fast and effective response to the unprecedented, prolonged and nightmare

More information

Booming Health Insurance in India

Booming Health Insurance in India Brochure More information from http://www.researchandmarkets.com/reports/1211154/ Booming Health Insurance in India Description: In the Indian non-life insurance industry, health insurance is the second

More information

International Journal of Arts and Science Research Journal home page: www.ijasrjournal.com

International Journal of Arts and Science Research Journal home page: www.ijasrjournal.com Research Article ISSN: 2393 9532 International Journal of Arts and Science Research Journal home page: www.ijasrjournal.com JuneJuneJuneLEADER AND SUBORDINATE PERCEPTION ON LEADERSHIP GROWTH AND PERFORMANCE

More information

News Release April 29, Performance Review Year ended March 31, 2006: 27% yearon-year growth in profit after tax

News Release April 29, Performance Review Year ended March 31, 2006: 27% yearon-year growth in profit after tax News Release April 29, 2006 Performance Review Year ended March 31, 2006: 27% yearon-year growth in profit after tax The Board of Directors of ICICI Bank Limited (NYSE: IBN) at its meeting held at Mumbai

More information

No.M.92(01)/2011-C1 Date: 06.04.2011

No.M.92(01)/2011-C1 Date: 06.04.2011 GOVERNMENT OF INDIA MINISTRY OF LABOUR AND EMPLOYMENT OFFICE OF THE DEPUTY CHIEF LABOUR COMMISSIONER (CENTRAL) SHASTRI BHAVAN, NO.26, HADDOWS ROAD, CHENNAI 600 006 e.mail : dyclcchennai @ gmail.com - Phone:

More information

Innovate or Evaporate : Redefining Channels of Distribution in Insurance Sector

Innovate or Evaporate : Redefining Channels of Distribution in Insurance Sector ISSN: 2348-7666 Vol.2, Issue -2(3), April-June, 2015 Innovate or Evaporate : Redefining Channels of Distribution in Insurance Sector G.A.Narasimham, Lecturer in Commerce, Govt College(A), Rajahmundry Introduction

More information

The Indian Automotive Industry

The Indian Automotive Industry The Indian Automotive Industry DIBD OMII Own Man In India October 2010 Introduction to the Indian Automotive Industry Macro level Development Main segments Investments Scandinavian cases in India Current

More information

Leadership in life insurance. April 2015

Leadership in life insurance. April 2015 Leadership in life insurance April 2015 Agenda Industry overview and outlook Company strategy and performance Embedded value results 2 Agenda Industry overview and outlook Company strategy and performance

More information