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AN EMPIRICAL STUDY OF INDIAN INSURANCE INDUSTRY POST GLOBAL FINANCIAL CRISIS

Ghanshyam Binani Academy of Management Sciences

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ISSN 0974-6374
 
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Title Statement AN EMPIRICAL STUDY OF INDIAN INSURANCE INDUSTRY POST GLOBAL FINANCIAL CRISIS
 
Added Entry - Uncontrolled Name Rehman, Anis ur
Elahi, Yasir Arafat
., Sushma
Assistant Professor, Department of Business Management, Integral University, Lucknow.
Assistant Professor, Department of Business Administration, Oman College of Management and Technology, Barka Sultanate of Oman,
Assistant Professor, ICCMRT, Lucknow
 
Uncontrolled Index Term Global financial crisis, regulatory framework, IRDA, de-regulation, Insurance securitizations, risk transfers.
 
Summary, etc. India has recently emerged as a major political and economic power in the world. The financial crisis that engulfed the world in 2008 needed developing countries like India to lead the rescue and recovery, instead of G7 westerns countries who dealt with such crisis in the past. Recently, discussions and negotiations are going amongst G20 countries regarding a new global financial architecture (G-20 Summit, 2008). The outcome will affect the relevant industries in India and hence it is a public interest issue for the actuarial profession in the country. Increased and more intrusive and costly regulations and red tapes are likely to be a part of the new deal (Economic Survey 2009-10). The objective of this paper is to study the perception of higher level authorities in Insurance sector regarding the role of regulator in minimizing the impact of global financial crisis. The primary data has been collected from 200 authorities in insurance industry. The data has been analyzed with statistical tools like MS-Excel. On the basis of the findings, various measures and policy recommendations for insurers have been suggested to minimize the impact of crisis.
 
Publication, Distribution, Etc. Ghsnshyam Binani Academy of Mamanegement Sciences
 
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http://gbams-vidushi.com/index.php/GV/article/view/13
 
Data Source Entry GBAMS-Vidushi; Vol 6, No 01-02: Vol 6(2), Vol 7 (1 & 2), Combined Issue, GBAMS VIDUSHI,
 
Language Note eng
 
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