Published Paper Details:

The Insurance industry in India is one of the fastest-growing Industry. After liberalisation, the insurance sector adopted significant changes, resulting in the restructuring of the Indian economy. A company with a proper investment policy and profitability along with the safety of the funds will grow and sustain in the long run. The objective of the study is to analyse the financial performance and the relationship between the variables of the selected General Insurance Companies in India. The study is analytical in nature based on secondary data which has been collected from Hand Book of General Insurance Companies published by IRDA, Annual Report of IRDA and other GIC, websites etc. for the period 2017-18 to 2021-22. A Growth Rate Analysis and Correlation is performed to know the relationship between Premium income and other important factor like Profit After Tax, Commission & Operating Expenses. The study of Growth rate analysis confirms a higher growth rate in net premiums for private insurers like HDFC ERGO compared to public sector Companies. While commission expenses decreased across the board, operating expenses varied. HDFC ERGO showed a positive correlation between profit and operating expenses, suggesting higher expenses might be linked to growth strategy. Strong positive correlations between premium income and claim incurred indicate profitability management.