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Portfolio Performance of Public Sector General Insurance Companies in India: A Comparative Analysis

In: Managing Risk and Decision Making in Times of Economic Distress, Part B

Author

Listed:
  • Kiran Sood
  • Navneet Seth
  • Simon Grima

Abstract

Purpose:In addition to the liberalisation policy, big data has revolutionised the level of awareness among customers about the quality and prices of insurance products. The rationale behind this study is to underline the issues in managing product portfolios in a disruptive environment, where a sudden and unexpected situation like COVID-19 pandemic is going to challenge the traditional models and insurance covers of organisations as well as individuals. Methodology:The study is based on secondary data. The scope of the study will only be confined to the top two general insurance companies in India based on year of registration and market share to compare their product portfolios during pre- and post-liberalisation periods ranging from 1985–1986 to 2000–2001 and 2001–2002 to 2018–2019, respectively. Findings:There is a lack of a balanced product portfolio for fulfilling the varying needs of customers. The insurance companies needed to set up different portfolios and should provide separate covers for natural catastrophes such as floods, earthquakes, landslides, tsunami, and the occurrence of new pandemics like COVID-19. Significance:The study highlights that the outbreak of COVID-19 and similar pandemics or global emergencies need special preparation from the insurance sector.

Suggested Citation

  • Kiran Sood & Navneet Seth & Simon Grima, 2022. "Portfolio Performance of Public Sector General Insurance Companies in India: A Comparative Analysis," Contemporary Studies in Economic and Financial Analysis, in: Managing Risk and Decision Making in Times of Economic Distress, Part B, volume 108, pages 215-230, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:csefzz:s1569-37592022000108b043
    DOI: 10.1108/S1569-37592022000108B043
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