afs prestation sandeep

7/29/2019 Afs Prestation Sandeep

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ANALYSIS OF FINANCIAL

STATEMENTS(INSURANCE )

Suraj Prajapati 074

Sandeep Vishwakarma 118

Anand Yadav 119

Manmohan Yadav 120

Suraj Yadav 121


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ORIGIN OF INSURANCE SECTOR

Insurance was established in the late 17th century in

Europe.

In the United States of America, insurance sectororiginated in mid 18th century.

1818 saw the advent of life insurance business in

India with the establishment of the Oriental LifeInsurance Company in Calcutta.


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ORIGIN OF INSURANCE SECTOR

The general insurance sector was established in the 17th

century.

It came to India as a legacy of British occupation

Triton Insurance Company Ltd., in the year 1850 in Calcutta

by the Britishers.

In 1907, the Indian Mercantile Insurance Ltd. The first Indian

Company to deal in General Insurance.


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OVERVIEW OF INSURANCE

SECTOR

Decline in insurance density in 2011

Increase in life insurance sector in 2012

Moving to tier-2 and tier-3 cities

General insurance sector anticipated to grow at 18% in2012-2013

Indian life insurance sector slated to touch Rs.20 trillion


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OVERVIEW (CONTD)

General insurance sector is also slated to touch Rs.18

trillion from past Rs.8 trillion in 2008


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SECTOR SEGMENTATION

Insurance

LifeInsuranc

e

GeneralInsurance

Reinsurance


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PLAYER AND MARKET SHARE

OF LIFE INSURANCE (RS IN CRORE)

Company Premium(Nov-2012) Premium(Nov-2013)

Player

Bajaj Alliance 228.44 1580.70

Reliance Life 110.30 780.09

SBI Life 421.35 2741.65

HDFC Standard 282.26 2170.73

ICICI Prudential 321.12 2686.22

Birla Sunlife 122.22 991.17

Max Life 133.47 1057.09Private Total 2308.39 16052.65

LIC 4501.71 44571.55

Grand Total 6810.11 60624.20


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MARKET SHARE FOR LIFE INSURANCE

ON PREMIUM BASIS:-

Premium

Bajaj Alliance

Reliance Life

SBI LifeHDFC Standard

ICICI Prudential

Birla Sunlife

Max Life

LIC


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PLAYER AND MARKET SHARE OF

NON LIFE INSURANCE(RS IN CRORE)

Company Premium(Nov-2012) Premium(Nov-2013)

Player

Royal Sundaram 130.41 1012.91

Tata-AIG 150.68 1353.92

IFFCO- Tokio 180.78 1664.50

ICICI- Lombard 546.81 3967.67

Bajaj Alliance 294.75 2505.62

New India 680.33 6507.05

National 686.53 5720.92Oriental 477.98 4266.06

Private Total 2338.28 18829.02

Public Total 2819.93 25622.30

Grand Total 5158.21 44451.32


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PLAYER AND MARKET SHARE OF

NON LIFE INSURANCE (CONTD.)

Premium RoyalSundaramTata-AIG

IFFCO- Tokio

ICICI-LombardBajaj Alliance

New India

National

Oriental


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GROWTH AND SIGNIFICANCE

General Insurance Companies increased by 24.7%

Life insurance Companies increased by 24%

Insurance Service contribute 7% to GDP

Insurance sector growing at a speed of 15-20% every year

Currently, 22 out of 24 life insurance players and 18 outof 27 non-life insurers have foreign partners.


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GOVERNMENT INITIATIVES

The Government of India has re-affirmed its efforts topush economic growth by increasing the FDI limit from26 per cent to 49 per cent in insurance.

The six companies that have received IRDA approvalfor setting up insurance repositories are NSDL, CDSL,Karvy, CAMS and STCI

IRDA has also been making efforts to boost

insurance companies to invest in infrastructurefunds.


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INDIAN INSURANCE INDUSTRY -

CHALLENGES

New Comer poses threat - With more companies

coming up everyday with the growing demand of the

industry the markets very competitive.

Supplier Power: The people providing the capital

don't act as big terror as opportunity always lies in the

big hands


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INDIAN INSURANCE INDUSTRY

CHALLENGES (CONTD.)

Buyer Power: Individual never stands a chance in

front of big corporate sectors as they dominate the

insurance industries with high potential of negotiation

power

Presence of substitutes: The insurance industry is

full of replacement option and the large insurance

companies offers the same service as of others be it in

any sector of home, commercial, auto, health or life.


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SWOT ANALYSIS

Strength Huge untapped population of India.

Product development & Innovation by insurance companies.

Large middle class households and trust on banks.

Cheaper mode of distribution channel.WeaknessLow consumer awareness

Inflexibility of products.

Heavy premiums. Considered as an Investment not protection tool


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SWOT ANALYSIS (CONTD.)

Opportunity More than 70% population is uninsured.

People faith on banks which help in selling of insurance products.

Rising demand for new insurance products like ULIPS, Pension andHealth plans.

Introduction of new technology and speedy customer services.

Help in expansion of banking sector with additional revenue frominsurance business(Bancassurance).

ThreatsDifficult to sell insurance products.

Not suitable for complex products.

Increased work pressure on bank employees.

Availability of multiple Investment options


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CONCLUSION

A World Bank study named 'Government-Sponsored

Health Insurance in India ' has stated that India would

have more than 630 million people covered under

health insurance by 2015.

Foreign players would bring in the much needed

technical aspects of insurance business


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CONCLUSION (CONT.)

"All factors are in place for the Indian life insurance

industry to blossom into one of the fastest-growing

financial services markets in the world," the report says

Rising incomes driven by economic growth are

boosting demand, and increasingly sophisticated

consumers with different needs are driving some

differential plays."


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THANK YOU

afs prestation sandeep

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