A Study on Perception among agents towards Performance Evaluation System in Selected Insurance Units under study at Hyderabad

  • Unique Paper ID: 173941
  • Volume: 10
  • Issue: 12
  • PageNo: 21242-21248
  • Abstract:
  • The scenario is that most organizations have adopted the performance management system technique in the current insurance industry to learn about the performance of intermediaries (Agents). It is essential to say that the performance management system provides information on the performance of the agent and works as a process to encourage employees to concentrate on their work to achieve both organizational and individual goals. The study focuses on the obstacles faced by selected insurance providers to inspire agents to increase results, as the channel intermediaries are an organization's capital and assets. As well as the core of any insurance business services entity that is examined as a significant factor for the development of nations in strategic, technical, social, economic and cultural terms. It needs a thorough and thorough knowledge of the agents' tasks as well as of the performance assessor. There has been a tremendous increase in the number of businesses for the improvement of society and the economy over the past years, so the way to influence human power is to analyse the performance with timely intimation of the progress or the development plans required for the desired output to retain human resources. The method of literature review has been used to examine the current practices, problems and challenges of the insurance sector's performance management system.

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