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

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DE-TARIFF - PRESENT SCENARIOScopeDe-tariff Scenarioa. Rates Free – Complete De-tariffResulting into blanket reduction inthe insurance premiums withoutgiving weight on risk based pricingb. Add on Cover &Clausesc. Policy Wording Tariff drivenEarlier tariff driven, presently newwordings as per internationalmarket are filed by Insurance cos.and approved by IRDA
DE-TARIFF - IMPACTS<strong>of</strong>t market : Abolishment <strong>of</strong> price control in theIndian market had led to drastic reduction in thepremium rates being <strong>of</strong>fered by the IndianInsurance Companies. This is due to excess capacityavailability or in other way low insurance <strong>de</strong>mand inIndia.It is not sustainable to do business for IndianInsurance company at the prevailing rates. This hasincreased stress on the capital requirement <strong>of</strong>many insurance company.
Page 1 and 2: IMPACT OF DE-TARIFFICATION ONPROFIT
Page 3 and 4: DE-TARIFF - ADVANTAGES / DISADVANTA
Page 5 and 6: DE-TARIFF - INDIAN EVOLUTIONPhase I
Page 7: DE-TARIFF - INDIAN EVOLUTIONWe will
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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