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Insurance Market/Strategy

A Crossroad Awaits

Country Profile - India
India Market

In the 15 years since India re-privatised its insurance industry, several models have been developed to optimise operations, distribution, and suitability. In the first decade of the 2000s, India’s life insurance industry grew and developed quickly. Since its 2010 peak, however, this once double-digit growth has reversed. Mr. Amit Punchhi of RGA examines the three elements that are contributing to the slowing down of the life market’s growth.


Reprinted with permission of The Asia Insurance Review (AIR)
www.asiainsurancereview.com.
 

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Summary

What factors affect India’s life insurance market growth?

  • Misselling and fraud
  • Need for smaller premium policies
  • Lack of access to capital
  • Regulation
  • Growth in bancassurance
Download "India - A Crossroads Awaits"
  • protection gap
  • insurance fraud
  • insurance fraud prevention
  • capital-motivated
  • regulations
  • statutory capital
  • capital efficiency