Suchergebnisse

Compliance with the law framed by the Insurance Regulatory and Development Authority of India is necessary to ensure an orderly conduct of insurance business within the country, alongwith, protection of the interests of the policyholder. But inspite of warnings issued and action taken by the Regulator, many cases of non compliance have been observed by non-life insurers. As such cases of non-compliance defeat the real purpose of regulation and prevent in achieving the desired goals of transparency, solvency and protection, the study attempts to analyse the factors that determine the level of regulatory compliance of Indian non-life insurers. The sample for the study includes all the 28 non life insurers operating in the country. Using multi regression model, the study measured the influence of company size, return on assets, solvency and liquidity on the compliance level of Indian non-life insurers for a period of 11 years from 2005-06 to 2015-16. The results showed that while solvency and return on assets had no influence on compliance level, company size and liquidity had a negative influence on the compliance level of Indian non life insurance companies.