Bajaj

Allianz General Insurance Co. Ltd.

BIBLIOGRAPHY
Books

Marketing Management Philip Kotler

General Insurance: Business Operations in Executing Dr. K. C. Mishra,

Dr. Simita Mishra & Mr. Manas Tripathy

Insurance Principles and Practice By Noorul Hasan

Websites

www.bajajallianz.com/Corp/aboutus/general-insurance-company.jsp
http://en.wikipedia.org/wiki/Bajaj_Allianz_General_Insurance
http://en.wikipedia.org/wiki/Insurance_in_India
http://en.wikipedia.org/wiki/History_of_insurance
https://www.irda.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?

page=PageNo4&mid=2
http://www.icra.in/Files/ticker/SH-2013-Q4-1-ICRA-General

%20Insurance.pdf
http://www.medindia.net/patients/insurance/insurance-concepts-and-irdahistory.htm

ANNEXURE
Gross Written Premium and Profit After Tax (FY 2012-2014):

Bajaj
Allianz General Insurance Co. Ltd.

Chart 10.1

Financial Highlights:
Particulars

2012-13 2011-12 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05

Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
Millions Millions Millions Millions Millions Millions Millions Millions Millions

Gross Written
Premium

41094

36759

31294

27249

28662

25780

18033

12846

8561

Net Written
Premium

32031

26957

23105

19717

20066

17526

10398

6987

4793

Net Earned
Premium

29243

24747

21497

18842

18913

14154

8385

5864

3709

Net Incurred
Claims

-21181

-19079

-17013

-13866

-13599

-9457

-5556

-4100

-2263

Net Commissions

-991

-747

-404

-318

-238

188

786

622

419

Management
Expenses

-7687

-6722

-6461

-5485

-5988

-5195

-3454

-2156

-1456

Underwriting
Results

-617

-1777

-2193

-502

-727

-210

254

230

409

Income from
Investments

4877

3726

2793

2207

2061

1896

895

520

389

Non Recurring
Investment
Income

-45

-9

20

93

164

-7

21

68

29

Profit Before Tax

4215

1940

619

1798

1498

1679

1170

818

770

Provision for Tax

1265

-703

-186

-590

-546

-623

-417

-303

-299

Profit After Tax

2951

1237

433

1208

952

1056

754

516

471

Bajaj
Allianz General Insurance Co. Ltd.

Claims Ratio

72%

77%

79%

74%

72%

67%

66%

70%

61%

Commission
Ratio

3%

3%

2%

2%

1%

-1%

-9%

-11%

-11%

Management
Expenses Ratio

26%

27%

30%

29%

32%

36%

41%

37%

40%

Combined Ratio

102%

107%

111%

104%

105%

102%

98%

96%

90%

Return on Equity

27%

14%

5%

16%

15%

23%

22%

23%

34%

Shareholders
Equity

12553

9587

8356

7928

6725

5748

4116

2,767

1824

Assets Under
Management

56818

46088

38523

27456

23683

20103

14305

7973

6127

Number of
Employees

3582

3473

3654

3506

3973

3603

2540

1371

924

Received IRDA Registration in May 2001

Table 10.1
CLOSED CLAIMS AGEING ANALYSIS Q-II 2013-14 (JUL-SEP)

Table 10.2

SETTLEMENT REPORT I JULY 2012 TO JUNE 2013

Bajaj
Allianz General Insurance Co. Ltd.

Table 10.3
CASES REFERRED TO CONSUMER FORUM & OMBUDSMAN (JULSEP 2013)

Table 10.4

WEEKLY REPORT
Sl.

Date

Week

Topics Covered

Guide

Bajaj
Allianz General Insurance Co. Ltd.

No.

Signature
11-08-2014

1.

To

1st Week

Industry Profile,
Company Profile

16-08-2014
Product Profile,
Organization
Structure, Motor
Dealer Dept.,

17-08-2014
2.

To

Under writing
2nd Week

Dept., Renewals
Dept., Health

23-08-2014

Administration
Team Dept and
Motor Claims
Dept.
Bancassurance
Dept., Travel
Dept., Agency
Dept., Operations

24-08-2014
3.

To

3rd Week

30-08-2014

Dept., Third Party

Claims Dept.,
Corporate
Marketing Dept
and Direct
Marketing Dept.

4.

31-08-2014

4th

To

Week

Key Functional
Areas, SWOC
Analysis,
Findings,

Bajaj
Allianz General Insurance Co. Ltd.

Suggestions and
Recommendations,
08-09-2014

Conclusion,
Learning
Experience and
Annexure.