An Empirical Analysis in Analysing the Critical Factors Influencing the Health Insurance Business in Achieving Sustainable Development Using Structural Equation Model

The insurance industry is playing a critical role in supporting the nation in realising the sustainable development goals which addresses various economic, social and other related protections. This can be realised by applying the risk transferring mechanism of the overall household. The insurance sector enables in supporting the regulators and addresses the overall economic development. Also, insurance companies assist the investors, policy holders and others to mitigate their risk on life so as to achieve financial objectives.Over the past decade, many researchers have applied surveys in order to analyse the role of insurance companies in enhancing the sustainable development in the country and society, in India, this concept is still in nascent stage and insurance industry is now focusing to enhance sustainable development and support in realising the UN goals.Over the past decade, researchers have conducted research and in-depth research on the role of insurance companies in promoting corporate sustainability. These studies provide important information for the field of study and thus provide tips for further development of insurance applications to improve sustainability. Therefore, quantitative analysis of these studies is required for all research in the selected field of study.