Health insurance sector in India: an analysis of its performance
Purpose – Health insurance is one of the major contributors of growth of general insurance industry in India. It alone accounts for around 29% of total general insurance premium income earned in India. The growth of this sector is important from the perspective of overall growth of general insurance...
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2020-12-01
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| Series: | Vilakshan (XIMB Journal of Management) |
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| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/XJM-07-2020-0021/full/pdf?title=health-insurance-sector-in-india-an-analysis-of-its-performance |
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| _version_ | 1846094595761373184 |
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| author | Madan Mohan Dutta |
| author_facet | Madan Mohan Dutta |
| author_sort | Madan Mohan Dutta |
| collection | DOAJ |
| description | Purpose – Health insurance is one of the major contributors of growth of general insurance industry in India. It alone accounts for around 29% of total general insurance premium income earned in India. The growth of this sector is important from the perspective of overall growth of general insurance Industry. At the same time, problems in this sector are also many which are affecting its performance. Design/methodology/approach – The paper provides an understanding on performance of health insurance sector in India. This study attempts to find out how much claims and commission and management expenses it has to incur to earn certain amount of premium. Methodology used for the study is regression analysis to establish relationship between dependent variable (Profit/Loss) and independent variable (Health Insurance Premium earned). Findings – Findings of the study indicate that there is significant relationship between earned premium and underwriting loss. There has been increase of premium earnings which instead of increasing profit for the sector in fact has increased underwriting loss over the years. The earnings of the sector is growing at compounded annual growth rate of 27% still it is unable to earn underwriting profit. Originality/value – This study is self-driven based on secondary data obtained from insurance regulatory and development authority site. |
| format | Article |
| id | doaj-art-df1e1134bd3b4e309c2a0cb51ba4c9b2 |
| institution | Kabale University |
| issn | 0973-1954 |
| language | English |
| publishDate | 2020-12-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Vilakshan (XIMB Journal of Management) |
| spelling | doaj-art-df1e1134bd3b4e309c2a0cb51ba4c9b22025-01-02T13:07:23ZengEmerald PublishingVilakshan (XIMB Journal of Management)0973-19542020-12-01171/29710910.1108/XJM-07-2020-0021655815Health insurance sector in India: an analysis of its performanceMadan Mohan Dutta0Department of Management, JD Birla Institute, Kolkata, IndiaPurpose – Health insurance is one of the major contributors of growth of general insurance industry in India. It alone accounts for around 29% of total general insurance premium income earned in India. The growth of this sector is important from the perspective of overall growth of general insurance Industry. At the same time, problems in this sector are also many which are affecting its performance. Design/methodology/approach – The paper provides an understanding on performance of health insurance sector in India. This study attempts to find out how much claims and commission and management expenses it has to incur to earn certain amount of premium. Methodology used for the study is regression analysis to establish relationship between dependent variable (Profit/Loss) and independent variable (Health Insurance Premium earned). Findings – Findings of the study indicate that there is significant relationship between earned premium and underwriting loss. There has been increase of premium earnings which instead of increasing profit for the sector in fact has increased underwriting loss over the years. The earnings of the sector is growing at compounded annual growth rate of 27% still it is unable to earn underwriting profit. Originality/value – This study is self-driven based on secondary data obtained from insurance regulatory and development authority site.https://www.emerald.com/insight/content/doi/10.1108/XJM-07-2020-0021/full/pdf?title=health-insurance-sector-in-india-an-analysis-of-its-performancehealth insurance premiumclaimscommissionmanagement expensesinsurance regulatory and development authorityunderwriting losscompound annual growth rate |
| spellingShingle | Madan Mohan Dutta Health insurance sector in India: an analysis of its performance Vilakshan (XIMB Journal of Management) health insurance premium claims commission management expenses insurance regulatory and development authority underwriting loss compound annual growth rate |
| title | Health insurance sector in India: an analysis of its performance |
| title_full | Health insurance sector in India: an analysis of its performance |
| title_fullStr | Health insurance sector in India: an analysis of its performance |
| title_full_unstemmed | Health insurance sector in India: an analysis of its performance |
| title_short | Health insurance sector in India: an analysis of its performance |
| title_sort | health insurance sector in india an analysis of its performance |
| topic | health insurance premium claims commission management expenses insurance regulatory and development authority underwriting loss compound annual growth rate |
| url | https://www.emerald.com/insight/content/doi/10.1108/XJM-07-2020-0021/full/pdf?title=health-insurance-sector-in-india-an-analysis-of-its-performance |
| work_keys_str_mv | AT madanmohandutta healthinsurancesectorinindiaananalysisofitsperformance |