How Attractive is Asian Insurance Market


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Please note:

This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

Case Details:

Price:
Case Code : INS009 For delivery in electronic format: Rs. 100;
For delivery through courier (within India): Rs. 100 + Rs. 25 for Shipping & Handling Charges

Themes

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Case Length : 03 Pages
Period : 2003
Pub Date : 2003
Teaching Note : Available
Organization : Varied
Industry : Insurance
Countries : India

Abstract:

The case discusses the growing importance of the insurance sector in the Indian economy after its liberalization. The case also throws light upon the importance of and the challenge posed by sales forecasting in the insurance sector. The average growth of both, life insurance as well as non-life insurance business, in comparison to Europe and other Asian countries is done in the case. The case also touches upon the likely impact of demographic and social changes on the premiums in the life and non-life insurance businesses.

Towards the end, the case examines the drivers and deterring factors for growth of insurance business in India.

Issues:

» Understand the projected growth for life and non-life insurance businesses in India following liberalization of the insurance sector

» Compare the Indian insurance market with the European and Asian insurance markets thereby helping the student to understand the potential that lies ahead for Indian insurance companies

Keywords:

Importance, insurance sector, Indian economy, liberalization, light, sales forecasting, insurance sector, average growth, life insurance, non-life insurance, Europe, Asian countries, demographic, social changes, premiums, life, non-life insurance, drivers, deterring factors

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