Effectiveness of Risk Management of Credit Risks of Life Insurance Companies in the Private Sector in India

Authors

  •   B. R. Hariharan Research Scholar, K L University, Greenfields, Vaddeswaram, Guntur District - 522 502, Andhra Pradesh
  •   Vedala Naga Sailaja Assistant Professor, KLUBS, K L University, Greenfields, Vaddeswaram, Guntur District - 522 502, Andhra Pradesh

DOI:

https://doi.org/10.17010/ijf/2017/v11i8/117591

Keywords:

Life Insurance Companies

, Policies and Regulation, Insurance Laws, Credit Risk Management, Insurance Regulatory and Development Authority of India (IRDAI)

G22

, G24, G32

Paper Submission Date

, February 27, 2017, Paper sent back for Revision, May 25, Paper Acceptance Date, July 25, 2017.

Abstract

This article attempted to study the effectiveness of credit risk management of life insurance companies in the private sector in India and also the role played by the Indian insurance regulator (IRDAI) during the period under study by the public disclosures available. This was done by studying the following public disclosures of life insurance companies : (a) details regarding debt securities (investment assets rating profile), (b) details of non-performing assets, (c) statement of downgraded investments, and (d) loans given against life insurance policies.

Downloads

Download data is not yet available.

Downloads

Published

2017-08-01

How to Cite

Hariharan, B. R., & Sailaja, V. N. (2017). Effectiveness of Risk Management of Credit Risks of Life Insurance Companies in the Private Sector in India. Indian Journal of Finance, 11(8), 40–49. https://doi.org/10.17010/ijf/2017/v11i8/117591

Issue

Section

Articles

References

Burugula, P. (2017, June 6). Credit rating agencies downgrade debt instruments of 116 companies. Business Standard. Retrieved from http://www.business-standard.com/article/companies/credit-downgrades-swamp-india-inc-117060501078_1.html

Dionne, G. (2013). Risk management: History, definition, and critique. Risk Management and Insurance Review, 16 (2), 147-166 DOI: 10.1111/rmir.12016

Insurance Regulatory and Development Authority of India (IRDA). (2010). Public disclosures in life insurers’ website. Ref : IRDA circular IRDA/F&I/CIR/F&A/012/01/2010 dated January 28, 2010. Retrieved from https://www.irdai.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?page=PageNo764&mid=311

Insurance Regulatory and Development Authority of India (IRDA). (2016). IRDAI (Investment) Regulations 2016. Retrieved from https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_NoYearList.aspx?DF=RL&mid=3.1.1

Life Insurance Corporation of India (LIC). (2016). Annual Report 2015-16. Retrieved from http://www.licindia.in/Bottom-Links/annual-report

Narasimhan, V. R. (2013). Risk management in securities market. Chartered Secretary, XLIII (8), 912- 916.

Vedpuriswar, A. V. (2003). Enterprise risk management : A strategic approach to derisking an enterprise. New Delhi : Vision Books.