Paper Details

General insurance, also referred as non-life constitutes a sector within the insurance industry. It specializes in delivering financial safeguarding and coverage against an extensive array of perils and unforeseen circumstances, excluding those associated with life. Various products offered by these non-life insurance companies constitute fire, marine, and other including health, motor, rural, household, personal accident etc. Unlike one public company in life insurance, LIC of India, general insurance sector has four public limited companies. Among the four, The New India Assurance Company Limited has been the market leader not only for the public but also among the private sector. The paper makes an attempt to understand the performance of NIACL during the period 2010-11 to 2021-22. A few ratios viz gross premium growth rate, claims ratio, combined ratio, profitability ratio, liquidity ratio along with solvency ratio are considered for the study. It has been observed that the company has been consistently performing thus stabilizing its position.

Net Earned Premium, underwriting performance, investment performance, solvency ratio