• Santhi.V.R

Abstract: The insurance industry continued to follow in most countries achieving a strong underwriting performance in last 5 years. This performance was possible through an increase in gross premiums in most countries reaching levels that exceeded overall amounts of claims payments and expenses. Several factors drive the developments of the insurance markets, such as the customer’s perception of insurance products, economic growth, stable income etc. Gross premiums grew in both the life and non-life sectors among the countries under analysis. In many countries, the insurance market is maturing, giving opportunities for future expansion. An increase in premiums can be explained by an increase in insurance contract sales or an increase in the contract price. Economic growth can lead to a higher demand of insurance products, while a competitive insurance market can lead to a decline in insurance contract prices that individuals and companies can purchase. In a developing country like India this growth is a positive sign of the overall development. The present study is a comparison and analysis among three nations: a developing country – India and two developed countries – USA and UK. Here made an attempt to show insurance sector performance in the analyzed countries on the basis of increment in premiums.

Key terms: Insurance sector, Growth, Premium, Claim etc.

"Growth in Insurance sector: an analysis among India, USA and UK", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.520-528, May-2019, Available :http://www.jetir.org/papers/JETIR1905D76.pdf

"Growth in Insurance sector: an analysis among India, USA and UK", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp520-528, May-2019, Available at : http://www.jetir.org/papers/JETIR1905D76.pdf