“Underwriting Profit/Loss and Premium Earned: A Study on Health Insurance Sector in India”

Abstract

During the year 2021-2022 general health insurance company collected nearly gross income of 73,052 crores as health insurance premium excluding personal accidents and travel insurance. The overall growths of 25% were seen in the year 2022. (Source: IRDA annual report).This paper aims to provide the detail understanding of the growth in health insurance sector in India and tries to find out significant relationship between premium earned and underwriting profit or loss. This data is purely a secondary source of information collected and time period considered for study is 14 years. Regression analysis has been done to come at final conclusion. Findings of the study is null hypothesis is rejected and alternative hypothesis is accepted. There is significant relationship between dependent and independent variable. There is a surprising outcome increase in premium collection leads to increase in claims, commission and management expenses and also increase in underwriting loss.