The insurance industry in India has progressed significantly over the last decade, which is amply evident in the strong growth witnessed in the insurance premiums, strengthened outreach, increased number of players, product innovation and its enhanced regulatory framework. A combination of these factors, along with strong economic growth in the last few years, has positioned India as a regional insurance hub and a rapidly developing financial center.
This report evaluates the current state of the insurance industry, examines the implications of new regulations and the
steps that can be taken to strengthen the penetration of insurance products.