Published Paper Details:

The insurance sector plays a crutial role in any economy by its very mechanism of risk transfer and savings mobilization. It thus performs a critical role in intermediation by fostering the liquidity of the financial markets. This in turn ensures that capital is transferred from surplus units to deficient units of the economy who are in need of funds for the undertaking of capital projects and thereby spurring productivity. In the aftermath of the 2007 to 2009 financial crisis the insurance industry image have been greatly affected. Thus, there is a need for corporate governance of sustainable corporate growth and long-term competitive advantage. This study attempts to examine the corporate governance and disclosure practices of the insurance companies by identifying and testing the empirical evidence of such companies listed on Bombay Stock Exchange. The governance practices of the selected companies have been assessed with the help Corporate Governance Disclosure Index constructed on the basis of Clause 49 Listing Agreement of Securities Exchange Board of India for the year 2016-17. To conclude, SBI Life Insurance, HDFC Life Insurance are found to have higher level of disclosures in comparison to General Insurance Company, New Indian Assurance and ICICI Prudential Life Insurance Companies.