Summary |
This timely book provides a comprehensive and up-to-date picture of the insurance industry. The authors first trace the origin and working of the insurance industry, and the factors that led to its nationalization. They then closely analyze recent developments, the transformation that has taken place after reforms, and provide a macro perspective on this industry. The authors also examine the measures taken by the existing public sector insurance companies to restructure themselves in the present scenario, and provide an overview of the present and likely policies of the new players that have entered the market. In conclusion the book offers suggestions about the future of the industry in terms of:
• Its potential and possible growth;
• Initiatives needed to give a further impetus to the industry;
• The products and services offered;
• Regulatory issues; and
• The evolving market strategies in the context of the highly competitive environment.
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