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Business, Management and Accounting >
Business, Management and Accounting (General)
International Journal of Banking, Risk and Insurance
Publisher:Publishing India Group
Editor in chief:Dr. Ram Pratap Sinha
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Browse by Volumes
Profitability Gains From Bancassurance: A Case Study Of State Bank Of India
Author:Nidhi Grover, G. S. Bhalla
Volume: 1 | Issue no: 2-2013 | Pagination: 56-62
The present paper is an attempt to measure profitability gains from bancassurance by taking a case study of State Bank of India (SBI). The CAMEL indicator approach has been used to assess the impact of bancassurance on the financial performance of SBI. The analysis reveals that the bancassurance has improved almost all components of CAMEL model significantly except four indicators namely, Capital Adequacy Ratio (CRAR), Non-interest income (NII), Return-on-Assets (ROA) and Return-on-Equity (ROE)
Satisfaction And Problems Of Health Insurance Policyholders In India
Volume: 1 | Issue no: 2-2013 | Pagination: 44-54
Health insurance holds a lot of business potential in India. After deregulation of general insurance sector in 1999, more than twenty companies have been established in India and almost all of them are offering health insurance. This study investigates the satisfaction and problems of the health insurance policyholders of various public sector and private sector general insurance companies. Data have been collected from 321 health insurance policyholders in the state of Punjab and the union territory of Chandigarh. The study shows that all the respondents have opted for sickness and accident covers. The respondents have been studied for their claim Settlement experience. Majority of the health insurance claimants have filed claims as they faced some form of illness. Satisfaction level of respondents from claim settlement and various other features of health insurance cover has been examined and compared across public and private sector companies. The policyholders have generally complained of delay in policy issue, excessive documentation, non-responsiveness and non-cooperativeness on the part of company and its officials, delay/ denial in case of claim settlement, lack of transparency, etc. In light of the findings, the study gives suggestions to improve overall experience of the health insurance policyholders.
The Impact Of Policy Commencement Date And Claim Settlement Date On Terms Of Investment In Motor Insurance Business In Sri Lanka
Author:Ishanka Chathurani Karunarathne, Samita Dayabandara
Volume: 1 | Issue no: 2-2013 | Pagination: 37-42
Insurance business involves undertaking of risks and currently shows a positive growth in respect to previous years. Motor insurance is a part of insurance business and contributes to significant part of Net Earned Premium (NEP). Apart from NEP, investment income can be identified as the second main income of the insurance business. The objectives of this research paper were to identify the most suitable time periods for investment decisions to maximize shareholder wealth in motor insurance, to develop a framework to guide to decide time period of investment using commencement date vs claim settlement date and to identify the claim reporting trend throughout the policy period. Data were gathered from 5,630 motor insurance policies commenced during the month of January 2010 and by analyzing respective claims up to January 2011. Both qualitative and quantitative data for both claims and underwritings were collected using the insurance portfolios of insurance agents covering entire country. A telephone survey was conducted with an Internal Audit Manager working at a reputed insurance company in order to collect qualitative data. The study results revealed that averagely 6% of gross written premium need to be repaid in each month as claim expense and based on that loss pattern, a model is developed for investment of funds raised from motor insurance business.
The Vehicle Make-Based Pricing Approach For Motor Insurance In Sri Lanka: Identifying The Efficacy Of Vehicle Make On Pricing Decision
Author:Prasadini Naganika Gamage, Samitha R. Dayabandara
Volume: 1 | Issue no: 2-2013 | Pagination: 29-35
Insurance industry comes under financial sector facing more challenges from external environment and creating more innovative solutions for them. Motor insurance can be identified as one of the key components of the insurance business and deciding the prices for motor insurance policies is a massive challenge faced by underwriters. Therefore the present study made to evaluate efficacy of make-based pricing method for Sri Lankan insurance industry when compared to current approach of using purpose and vehicle category-based pricing approach. 70,475 motor insurance policies and 31,706 respective claims were selected as the sample and data were selected from insurance agents covering entire geographical area and from a motor engineer under the telephone conversation method. Data were analyzed using MS Office 2007 excel package and list downing points from the motor engineer. The researcher identified varied claim ratios for different vehicle makes even if they use for the same purpose. Therefore vehicle's make is highly affected to total claim cost of a vehicle and thereby affect for insurance premium calculation/pricing decisions. Make-based pricing allowed to charge customized prices from clients by referring past claim history of particular vehicle makes.
Volatility Modeling And Forecasting For Banking Stock Returns
Volume: 1 | Issue no: 2-2013 | Pagination: 18-27
In this paper, an attempt has been made to model and forecast the short term volatility of the Indian banking sector. A popular banking sector CNX bank index of national stock exchange of India (NSE) which includes 12 most liquid and large capitalized Indian banking stocks is used as a time series. Data have been collected since the inception of the index i.e. January 2000; a total of 3122 observations up to the period of June 2013, are used in modeling the volatility of the banking stock returns using univariate Box-Jenkins or ARIMA model. ADF test and unit root testing is done to know the stationarity of the series, later the AR(p) and MA(q) orders are identified with the help of minimum information criterion as suggested by Hannan- Rissanen. As per the analysis, ARIMA (1,0,2) model was found to be the best fit to forecast the volatility of bank stock returns. The final equation for the model is which can be helpful to the investors and speculators in taking their short run buying and selling decisions for bank stocks.
Theoretical Framework Of Competition As Applied To Banking
Author:K.V. Bhanu Murthy, Ashis Taru Deb
Volume: 1 | Issue no: 2-2013 | Pagination: 1-16
This paper lays out a fundamental approach that revises our understanding of the theoretical framework of competition. First, it critically examines classical and neo-classical approaches to competition. Second, through eight elements the new approach lays out our new understanding of the framework of competition as applied to banking. Role of basic conditions in S-C-P, dynamic S-C-P, modified S-C-P as adapted to banking, entry, concentration and competition, goals and strategic groups in banking, importance of banking theory, dynamics of banking markets; and the new concept of entry facilitator; these are all the eight new dimensions that adapt competition theory to banks.
Reverse Mortgage Products: An Indian Banking Perspective
Author:Saptarshi Ray, And Arup Choudhuri
Volume: 1 | Issue no: 1-2013 | Pagination: 57-61
Reverse Mortgage (RM) provides a range of non-recourse mortgage loans, which helps a borrower, to get liquid funds by mortgaging his/her house property, without moving out or make any repayment options, till he/she dies or sells the house or moves out. This has been an innovative product and has been the idea of the global banking sector for last one and half decades. Hence, RM is a power device to increase the income of the senior citizens. However, Indian banking industry has adapted this innovative product only in 2006, but without much upsurge. It has been observed that the number has, however, increased to 7000 RM Loans of Rs. 1,400 crores as on 31st March, 2010 (www.business-standard.com). The product still has huge untapped market in India. There are however some major issues which is hindering the growth of the product. This paper endeavors to show that the growth has been sluggish in the past because of lack of awareness among the customers, lack of knowledge, some regulatory factors and confusion relating to tax treatment. The banks felt the need for a complementary insurance product that will cover the borrower if they outlive the tenure of the loan. The paper also would throw light on the fact that the accounting treatment of RM has posed a contradiction towards the concept of revenue recognition and doctrine of conservatism as the assured anticipated incomes became difficult for disclosure. On the other hand the calculation of the indexed cost of acquisition has become difficult due to the controversy relating to the date of acquisition. This has led to the difficulty in computation of the Capital Gains arising out of the transfer. The study therefore likes to focus on the two-fold aspect of RM as a product: firstly, a study on the future opportunities and challenges that will decide the fate of Reverse Mortgage as an innovative product for the Indian Banking Industry; secondly, the study focuses on the accounting and taxation dilemma arising out of the reporting methodology and disclosure of RM.
Customer Preferences For Home Loans
Author:Mahabir Singh Narwal, Sushma Rani, And Radhika
Volume: 1 | Issue no: 1-2013 | Pagination: 48-55
Determining customer preferences ahead of time provides competitive advantage, avoids unnecessary spending, and helps quickly establish a solid following. Discovering customer preferences enables the banks to sell its services in advance and use the collected information to make its services perfect before placing it on the open market and develop an effective long-term marketing plan to get mileage. In the present study the data has been collected from 200 respondents and analyzed with the help of Factor Analysis and ANOVA. The findings reveal that the customer preferences for home loans is affected by customer's friendly environment, processing and disbursing, rate of interest, payment terms and conditions, and freebies offered by the banks. To see whether there is any significant difference among these factors affecting customer preferences for home loans, the data was further analyzed according to demographic variables viz. occupation and income.
Is Life Insurance A Social Security Tool Or An Investment Post Reforms Karnataka Experience
Author:Mahesh R. Rajgopal
Volume: 1 | Issue no: 1-2013 | Pagination: 37-45
Life insurance is regarded as an essential commodity in terms of social security, which reduces or eliminates the risk of life and property. But delivering world class insurance products to the clientele has been one of the priorities for the policy makers at the time of liberalizing the insurance market in India. Hence, India has moved from the traditional insurance products that function as social security to products that are linked to investments in stock market. The present study attempts to know whether the Indian insurance buyers still perceive life insurance as a social security tool or as an attractive investment option linked to equity after deregulation. Various statistical analyses are carried out using tools such as Descriptive statistics, ANOVA, Levene's Test for Equality of Variances, Tukey-HSD Multiple Comparisons to arrive at concrete findings and based on which suggestions are offered.
Bank Performance In India: A Study Based On Camel Framework
Author:Channaveere Gowda B.N, Anand M.B, And Arun Kumar D.C
Volume: 1 | Issue no: 1-2013 | Pagination: 25-35
The banking system in India is significantly different from that of other Asian nations because of the country's unique geographic, social, and economic characteristics. India has a large population and land size, a diverse culture, and extreme disparities in income, which are marked among its regions. There are high levels of illiteracy among a large percentage of its population but, at the same time, the country has a large reservoir of managerial and technologically advanced talent. In this article, an attempt has been made to rank the various commercial banks operating in India. The banks in India have been categorized into Public sector, Private sector, and Foreign banks. For the purpose of profitability analysis, 26 Public Sector, 18 Private Sector, and 15 Foreign banks have been taken into consideration. For the purpose of ranking, CAMEL analysis technique has been used. Each parameter of CAMEL-Capital Adequacy, Asset Quality, Management Quality, Earning Quality, and Liquidity has been evaluated. This research paper was carried out to find the adequacy of CAMEL in capturing the overall performance of a bank. In addition, the best ratios in each of the factors in CAMEL were identified and tested for the significance between Public sector, Private sector, and Foreign banks.
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