impact of de-tariffication on profitability of non-life insurers

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DE-TARIFF – INDIAN EVOLUTIONPhase II :Relaxation in terms and conditions2009 – Some relaxation in terms and conditions <strong>of</strong> coverage<strong>of</strong> erstwhile tariff classes <strong>of</strong> business in Fire, Engineering,Motor (OD) and Industrial All Risk (IAR).For example,1. Insurers are now permitted to file variations in <strong>de</strong>ductiblesfrom those prescribed un<strong>de</strong>r erstwhile Fire, Engineering, IAR(Industrial All Risks) and Motor OD tariffs.2. Insurers are also now permitted to file add-on covers overand above the erstwhile tariff covers in Fire, Engineering, IARand Motor OD with appropriate additional premium
DE-TARIFF – INDIAN EVOLUTIONWe will see following two Phases in coming timeas evolution process goes onPhase III : Risk Based PricingOpened up opportunities for migrating to riskbased pricing.Phase IV: Complete DetariffingChoice in terms <strong>of</strong> breadth <strong>of</strong> coverage
Page 1 and 2: IMPACT OF DE-TARIFFICATION ONPROFIT
Page 3 and 4: DE-TARIFF - ADVANTAGES / DISADVANTA
Page 5: DE-TARIFF - INDIAN EVOLUTIONPhase I
Page 9 and 10: DE-TARIFF - IMPACTSof</stro
Page 11 and 12: Rs. In BillionDE-TARIFF - PROFITABT
Page 13 and 14: Rs. In BillionDE-TARIFF - PROFITABT
Page 15 and 16: DE-TARIFF - PROFITABTILITY STATISTI
Page 17: DE-TARIFF REGIME - CONCLUSION‣ Up

impact of de-tariffication on profitability of non-life insurers

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