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<div class="WordSection1">
<h1 style="text-align:justify"><span style="font-size:20.0pt;line-height:150%">Actionable Insights</span></h1>
</div>
<div>
<p class="MsoNormal"><span style="font-size:13.0pt;line-height:150%">
</span></p><p>This product provides you with market intelligence on the sector. We make no claims that you will find all insights useful; the general idea is to slice the market inteligence in several facets. Hopefully, you will find something useful here.</p><p>
</p><p>At this point (Dec 2023, the current version), we have processed only print chatter. We will fold in insights from the social space in the next phase.
Of course, the development roadmap is subject to any distractions that may catch my attention.</p>
<p>Please be aware that is an entirely machine processed document. This means you have to bear with two limitations:</p>
<ol>
<li> <p>The output is not always in human-readable form. Words have to mangled to their roots for the program to ingest the contents. so, the output reports the roots of the words you have to apply some thought to get a fix on what is being said.</p></li>
<li><p>Since there is no human intervention, some items may return blanks this is normal. it only means there is nothing to show.</p></li>
</ol>
<p></p>
<h2 style="text-align:justify"><span style="font-size:18.0pt;line-height:150%">1. Industry visibility metrics</span></h2>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:13.0pt;
line-height:150%">
</span></p><p> The chart below provides a quick glance of effort by life insurance companies to be seen and heard.</p>
<p>A note about the labels on the x-axis. These are short codes of the respective companies. Since different media outlets/stakolders refer to the same company is different ways, the machine processing convention is to map all (known) combinations of names into one short code.</p>
<p>For example:</p>
<ul>
<li><p>"icici prudential life insurance company"</p></li>
<li><p>"icici prudential life insurance"</p></li>
<li><p>"icici prudential life"</p></li>
</ul>
<p> All map to "iprulife." As we noted in the preamble, this is one limitation in the current version. One can always build a reverse dictionary to map the short codes to the official full names.</p>
<p class="MsoNormal" style="text-align:left"><span style="font-size:18.0pt;
line-height:150%"><img border="0" width="640" height="640" id="Picture 1" src="li_12_23_page1.png"></span></p>
<p class="caption" style="text-align: left; font-size: 12pt">Chart 1: A bird's eye view of what the industry has been doing in Dec 2023</p>
<p>A little explanation may be in order. The stack above captures the quality of visibility of the industry competition. We understand that the CXO suite keeps strict tabs on what the competition is stirring up. Industry leaders can discern the drift.</p>
<h2 style="text-align:justify"><span style="font-size:18.0pt;line-height:150%">2. Mapping critical stakeholders</span></h2>
<p> One of the critical issues facing CXOs is identifying the most important stakeholders in the media. That has a bearing on the time investment that the CXO needs to budget for. The chart below provides a quick overview of the most important media vehicles.</p>
<p> In later segments, we will document qualitative insights into what the issues seizing the industry.</p>
<p class="MsoNormal" style="text-align:left"><span style="font-size:13.0pt;
line-height:150%"><img border="0" width="640" height="640" id="Picture 2" src="li_12_23_page2.png"> </span></p>
<p class="caption" style="text-align: left; font-size: 12pt">Chart 2: Chart above gives quick overview of media plaforms which are serving life insurance content to their readers.</p>
<p> In the following chart, we document the most prolific journalists, who publish under their own byline. This is an important metric because it doe not include routine BAU activity. By extension, these are stories where the journalist has made significant value addtion to deserve a byline.</p>
<p class="MsoNormal" style="text-align:left"><span style="font-size:13.0pt;
line-height:150%"><img border="0" width="640" height="640" id="Picture 3" src="li_12_23_page3.png"></span></p>
<p class="caption" style="text-align: left; font-size: 12pt">Chart 3: These are the most productive writers, serving life insurance content to their readers.</p>
<h2 style="text-align:justify"><span style="font-size:18.0pt;line-height:150%">3. Life Insurance industry ego map</span></h2>
<p> This chart, also called a Harry Potter chart, maps what are the common themes that the industry is driving. In simpler words, who all are pushing a common agenda and who all are driving their own agendas. perhaps there is merit in examining this chart in great detail.</p>
<p class="MsoNormal" style="text-align:left"><span style="font-size:13.0pt;
line-height:150%"><img border="0" width="480" height="480" id="Picture 3"></span></p>
<p class="caption" style="text-align: left; font-size: 12pt">Chart 4:Industry ego map.</p>
<h2 style="text-align:justify"><span style="font-size:18.0pt;line-height:150%">4. Top conversation clusters</span></h2>
<p> The chart below maps the top six conversation clusters. At the very top level of qualitative analysis, this chart shows what conversation themes/clusters dominated the industry's efforts.</p>
<p> A reminder here that the text may seem mangled. It is not mangled in an error sense. The innards of Naturals Language Processing (NLP) require that all plurals, adjectives and adverbs be reduced to their root form.</p>
<p> Technically, the technique is called Stemming. It is used to reduce an inflected word down to its word stem. For example, the words "programming," "programmer," and "programs" can all be reduced to the common word stem “program.” In other words, “program” can be used as a synonym for the prior three inflection words.</p>
<p class="MsoNormal" style="text-align:left"><span style="font-size:13.0pt;
line-height:150%"><img border="0" width="640" height="640" id="Picture 5" src="page5a.png"></span></p>
<p class="caption" style="text-align: left; font-size: 12pt">Chart 5: The relative importance of the top conversation clusters.</p>
<h2 style="text-align:justify"><span style="font-size:18.0pt;line-height:150%">5...The top terms dominating the conversation cluster</span></h2>
<p> In Chart 5, we explored the top six conversation topics/clusters. Now, in the folloing chart, we drill down to the five dominant terms that define the character of the conversation.</p>
<p class="MsoNormal" style="text-align:left"><span style="font-size:13.0pt;
line-height:150%"><img border="0" width="640" height="640" id="Picture 6" src="page5b.png"></span></p>
<p class="caption" style="text-align: left; font-size: 12pt">Chart 6: The top five terms dominating the top conversation clusters.</p>
<h2 style="text-align:justify"><span style="font-size:18.0pt;line-height:150%">6. A deeper dive into media conversations, topic-wise </span></h2>
<p> In Chart 5, we explored the top six conversation topics/clusters. Now, in the folloing chart, we drill down to the five dominant terms that define the character of the conversation.</p>
<p class="MsoNormal" style="text-align:left"><span style="font-size:13.0pt;
line-height:150%"><img border="0" width="640" height="640" id="Picture 7" src="page5c.png"></span></p>
<p></p>
<p></p>
<p></p>
<p class="MsoNormal" style="text-align:left"><span style="font-size:13.0pt;
line-height:150%"><img border="0" width="640" height="640" id="Picture 8" src="page5d.png"></span></p>
<p class="caption" style="text-align: left; font-size: 12pt">Chart 6: The top five terms dominating the top conversation clusters.</p>
<h2 style="text-align:justify"><span style="font-size:18.0pt;line-height:150%">7. Recap of industry and regulatory developments in the BFSI space</span></h2>
<h3>Life insurance</h3>
<ul>
<li><strong><p>
Life insurers' premium income rises nearly 13 per cent to Rs 7.83 lakh crore in FY23</p></strong></li>
<p></p>
<p>Indian insurance regulator, Insurance Regulatory and Development Authority (IRDAI) said during 2022-23, life insurers issued 284.70 lakh new policies under individual business, out of which public sector insurers issued 204.29 lakh policies (71.75 per cent) and private life insurers issued 80.42 lakh policies (28.25 per cent).</p>
<li><strong><p>ICICI Prudential gets Rs 279 cr GST notice</p></strong></li>
<p>ICICI Prudential Life Insurance on Wednesday said tax authorities have slapped a demand notice of Rs 270 crore on it for alleged short payment of GST for 2017-18. The Maharashtra Goods and Service Tax (GST) authority has demanded GST along with applicable interest and penalty for 2017-18 fiscal for reversal of input tax credit; difference in GST liability filed in GSTR-1 and GSTR-9; mismatch in ITC claimed in GSTR-3B and GSTR-2A; and interest on GST payment on proposal deposit.</p>
<li><strong><p>IRDAI pitches for a hike in surrender fee; Insurers propose dual structure </p></strong></li>
<p>The life insurance industry is proposing a dual structure in response to the regulator's pitch for an increase in the surrender value for non-participating policies, said people with knowledge of the matter. The insurers have suggested a higher surrender value for short-term policies while retaining the existing model for long-term ones as they attempt to comply with the consumer-friendly proposal and manage profitability as well.</p>
</ul>
<h3> Non-Life Insurance</h3>
<ul>
<li><strong><p>Government proposes healthcare regulator to facilitate insurance for all</p></strong></li>
<p>The government is exploring setting up a health sector regulator that will also facilitate affordable health insurance coverage for all citizens. Two senior government officials confirmed that preliminary discussions have been held between the ministries of finance and health over the need for a sector watchdog.</p><p>
</p><li><strong><p>Star Health founder in talks with TVS Group for new health insurance venture
</p></strong></li>
<p> Founder of Star Health and Allied Insurance, V Jagannathan, is reportedly in talks with the TVS Group for equity participation in his new health insurance venture. Jagannathan, who exited Star Health, has decided to start a new company in the health insurance sector, along with former Star Health CEO Dr S Prakash. </p>
<li><strong><p>Government considering support to insurers dealing with nature's fury</p></strong></li>
<p>The standing committee on finance-headed by former minister of state for finance Jayant Sinha-is deliberating issues around reinsurance following complications in insurance claims related to the Teesta Stage III Hydropower project in Sikkim that was washed away by a glacial lake outburst. The power project, was insured for ₹ 11,400 crore by a consortium of insurers, including a public sector entity, but reinsurers capped the payout at ₹ 500 cr.</p>
<li><strong><p> Reliance General Insurance launches global healthcare policy</p></strong></li>
<p>Reliance General Insurance Company Ltd (RGICL) has launched a new policy to make global healthcare accessible to Indians. The policy, Reliance Health Global, provides comprehensive cover not only within the borders of India but across the world, RGICL said in a statement. The policy will cover expenses for overseas treatment, including critical illnesses like cancer and bypass surgery, it added.</p>
<li><strong><p>Three state-owned non-life insurers fail to meet solvency requirements: RBI report</p></strong></li>
<p>The RBI's latest Financial Stability Report has noted that three state-owned insurance companies are "failing" to meet regulatory solvency requirements. The solvency ratio for public sector non-life insurers’ group is sub-optimal with three of the four PSU insurers recording the ratio below the baseline prescription, the RBI noted.</p>
<h3>Banking</h3>
<li><strong><p>RBI's Financial Stability Report says Indian banks strong enough to face adverse macro and credit stress</p></strong></li>
<p>Indian banks are strong enough to withstand adverse macroeconomic and credit stress without compromising on the regulator-mandated capital position, but the wide adoption of technology and innovation are threatening financial stability, requiring regulators' attention, the Reserve Bank of India said. The RBI's 28th Financial Stability Report highlighted that scheduled commercial banks have ample capital buffers, ensuring regulatory compliance even under severe stress scenarios. The report also underscored the need for suitable regulatory and supervisory measures to mitigate risks arising from the expanding use of technology and innovation in the financial system.</p>
<li><strong><p>
Indian banks'gross bad loans down for 5th year: RBI report</p></strong></li>
<p>Indian banks have reported sustained progress for the fifth year in containment of build up of NPAs, the RBI said in its Annual Report for 2022-23. The drop in gross bad loans helped banks report a higher net interest margin, a key measure of profitability. All banks meet the regulatory capital requirements with it at 16.8% as of September.</p>
<p>Indian banks' loan book grew 12.2% last fiscal year, driven by loans to retail consumers and services sectors, but the banks' service to customers has not kept pace and they need to go beyond just monitoring the turnaround time, the Reserve Bank of India said in an annual report. The regulator said that it is reviewing the non-fund based facilities offered by banks such as guarantees and letters of credit to come up with guidelines as they form an important role in the growth and development of the total bank exposure.</p>
</ul></div></body></html>