Insurance Industry in India

Insurance Industry in India - Insurance Sector Market Analysis

The life insurance premium registered YoY growth of 12.98% in FY23, with new businesses contributing 47.7% of the total premiums received by the life insurers.

Growth of the Indian Insurance Industry with Market Size & Trends

In the fiscal year 2023-24, India's non-life insurance sector saw notable growth, driven mainly by health and motor insurance. Health insurance premiums ...

The potential of India's insurance industry - McKinsey

The Indian insurance industry is on an S-curve, with the potential to enhance growth and profitability, sustain valuations, and drive greater ...

Evolution of Insurance - IRDAI

Today there are 34 general insurance companies including the ECGC and Agriculture Insurance Corporation of India and 24 life insurance companies operating in ...

Growth and Overview of the Insurance Sector in India - IBEF

The insurance sector in India is projected to grow the fastest among the G20 countries, with the total premium projected to grow at an average of 7.1%.

Insurance in India - Wikipedia

Insurance in India covers both public and private sector organisations. It is listed in the Seventh Schedule of India's Constitution as a Union List subject ...

Insurances - India | Statista Market Forecast

Insurances - India · The Insurances market in India is projected to reach a market size (gross written premium) of US$216.70bn in 2024. · Among the various ...

Indian Insurance Market - Policy Holder - IRDAI

1 In life insurance business, India is ranked tenth in the world. · 2 In non-life insurance business, India is ranked 15 in the world. · 3 Globally, the share of ...

Bridging gaps in the India insurance sector - PwC India

The Indian insurance industry, the 10th largest in the world, has grown at a robust rate of 10.3% in FY 2022 compared to the muted growth rate of 7.9% in the ...

India's insurance market: growing fast, with ample scope to build ...

Economic growth, an expanding middle class, innovation and regulatory support is driving insurance market growth in India. Over the next five ...

Insurance for All: enhancing insurance coverage across India - EY

India's insurance sector is experiencing a dynamic period of growth and transformation, driven by favorable demographics, rising awareness and ...

Role of IRDAI in the insurance sector | India - Law.asia

To enhance customer service and satisfaction, the IRDAI has introduced significant regulatory changes through the Master Circular on Health ...

Addressing emerging risks in the Indian insurance sector | PwC India

The insurance industry is continuously undergoing major technological transformations, driven by the predominant rise of big data, artificial intelligence (AI), ...

India Insurance Sector - International Trade Administration

The country's insurance industry is rapidly growing, with an expected market size of $280 billion by 2025, a compound annual growth rate (CAGR) ...

Navigating the Winds of Change: Insights into India's Life Insurance ...

The insurance industry in India has undergone a remarkable metamorphosis over the past two decades, fueled by greater private sector ...

India: insurance penetration 2023 - Statista

In the financial year 2023, India's insurance penetration stood at 4 percent, with the majority coming from the life insurance sector.

India insurance sector growth pegged at 7.1% in 2024-28: Swiss Re

According to Swiss Re, the overall insurance penetration in 2023-24 is expected to be at 3.8 per cent in India and 6.5 per cent globally.

List of insurance companies in India - Wikipedia

Life insurance companies ; 9, Bajaj Allianz Life Insurance Co. Ltd. Private ; 10, PNB MetLife India Insurance Co. Ltd. Private ; 11, Reliance Nippon Life Insurance ...

General Insurance industry grows 12.78% in FY24

Excluding specialised insurers like AIC, the industry saw a growth rate of 16.22%. The total industry premium reached Rs 2.89 lakh crore, an ...

Life Insurance Industry Overview in India | ABSLI - Birla Sun Life

Insurance penetration is an indicator of how well developed the insurance industry is, in a country. ◇ Insurance penetration in India stood at 4.2% in FY21 (up ...