Competition reduces profitability : the case of the Indian life microinsurance industry

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<title>Competition reduces profitability</title>
<subTitle>: the case of the Indian life microinsurance industry</subTitle>
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<abstract displayLabel="Summary">We aim to understand the effect of market and firm-level concentration on return on equity in the Indian life microinsurance industry (LMI). This research is one of the first attempts to empirically test structure-performance issues in India. Using data on 14 companies that remained active in the LMI market during 2009-2019, we demonstrate that firms in the Indian LMI market scored better on profitability measures whenever competitive pressures were lower. We calculate Herfindahl-Hirschman concentration indexes (HHI), market share and entropy measures and use panel data techniques to find a positive effect of concentration and a negative effect of market share. We conclude that LMI-specialised insurers in India perform better than diversified insurers.</abstract>
<note type="statement of responsibility">Subrato Banerjee, Basri Savitha</note>
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<topic>Mercado de seguros</topic>
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<topic>Microseguros</topic>
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<topic>Seguros de vida riesgo</topic>
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<topic>Informe</topic>
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<geographic>India</geographic>
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<title>Geneva papers on risk and insurance : issues and practice</title>
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<publisher>Geneva : The Geneva Association, 1976-</publisher>
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<identifier type="issn">1018-5895</identifier>
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<text>01/07/2021 Volumen 46 Número 3 - julio 2021 , p.383-398</text>
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