@Mas24 - On the right track and very helpful
We investors sometimes have the tendency to reduce any business to a set of numbers - growth rates, capital efficiency, expected return etc. While this approach by itself is not wrong, it is what separates good investors from really good investors. Really good investors get under the skin of the management running the business, have a good appreciation of what it takes to run and scale the business. In the medium term this is what builds conviction in a business, the ability to not just make sense of the past but also to have an independent, well grounded view on how the business could evolve over time as it responds to regulatory, competitive & economic forces.
I am keenly following your series of posts and will have some queries soon.
Request you to also cover the following at the appropriate time -
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How does the evolution of the Indian life insurance industry stack up against other developed countries who have gone through this process? Are there any common errors that life insurance companies in the growth phase appear to make?
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Are we yet at a stage where we have life insurers starting to diverge in their customer focus? Are we seeing companies focus on niches or are we still in a “capture market share through better sales & marketing till the growth slows down”?