Insurance companies-Big businesses or Small businesses

I agree with Mr Aiyer , Insurance is not a busniees which is carried on at smaller levels

It is money and patience wherein break even takes nearly 7-8 years and in present scenarios it will run upto more than a decade

A individual or a samll company can only sell product but the claim, reinsurance and comeplete processing cannot be done at small level , you need a good financial backing for starting a  insurance co, running needs a few 100 crs more

People who think insurance is small business please get the facts cheked across world

Insurance business is big giants game. as you grow from enterant to leading player in sector its require lot money to get pump in due to regulations prevail in market. bigger the association, the bigger opportunity availble to player as he can go agressively for expansions etc. 

Mohd arif i would also say that the big companies are getting into insurance sector these days because a small company with a smaller capital can't afford to get into this business as they won't be able to cope up with the market demand.

I would agree with Mr.Aiyer, however IRDA our govt regulations are very strict in this matter, however other aspects are all secondary for appointing an insurance company,

most well estabilished companies and Banks are in into insurance these days.  

Insurance companies should be a part of big companies because this would give them more amount even if the number of deals are not that great.