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  • 25th Insurance and Pensions Summit
    L-R: Mr Kailash Mittal, Partner, Financial Risk Management & Head, Insurance & Actuary, KPMG in India; Mr Chandrajit Banerjee, Director General, Confederation of Indian Industry; Mr Tapan Singhel, Chairman, CII National Committee on Insurance & Pensions and Managing Director & CEO, Bajaj Allianz General Insurance Co. Ltd.; Shri Debasish Panda, Chairman, Insurance Regulatory & Development Authority of India (IRDAI); Shri Siddhartha Mohanty, Chief Executive Officer & MD, Life Insurance Corporation of India; Mr Krishnan Ramachandran, Co-Chair, CII National Committee on Insurance & Pensions and Managing Director & CEO, Niva Bupa Health Insurance; Mr Hemant Jhajhria, National Head of Consulting, KPMG in India at inaugural session of 25th Insurance and Pensions Summit on 22 October 2024 in Mumbai.
  • 24th CII Insurance and Pensions Summit
    Shri Debasish Panda, Chairman, IRDAI, Government of India addressing the 24th CII Insurance and Pensions Summit on 20 January 2023 in Mumbai.
  • 24th CII Insurance and Pensions Summit
    L-R: Mr Narendra Ganpule, Partner KPMG; Ms Amita Sarkar, Deputy Director General, CII; Mr Tapan Singhel, Chairman CII National Committee on Insurance and Pensions and MD and CEO, Bajaj Allianz General Insurance; Shri Debasish Panda, Chairman, IRDAI, Government of India; Dr Manoj Anand, Whole- time Member, IRDAI, Government of India and Mr Sanjay Doshi, Partner, KPMG at 24th CII Insurance and Pensions Summit on 20 January 2023 in Mumbai.

Insurance

One of the premium sectors showing upward growth is insurance, which is a US$ 41-billion industry in India. India is the fifth largest life insurance market in the emerging insurance economies globally and is growing at 32-34 per cent annually. With increasing competitiveness amongst these, the players are bringing out newer products to attract more customers into their kitty. Foreign direct investment (FDI) up to 26 per cent is permitted under the automatic route subject to obtain a licence from the official regulator, Insurance Regulatory and Development Authority (IRDA). The total number of life insurance companies operating in India is currently 22. Two major factors impacting the general insurance segment are the detariffing of interest rates by Insurance Regulatory Development Authority (IRDA), which gave autonomy to insurers in pricing insurance policies and has created a competitive field in general insurance business, the second being the financial meltdown, which has also mad One of the premium sectors showing upward growth is insurance, which is a US$ 41-billion industry in India. India is the fifth largest life insurance market in the emerging insurance economies globally and is growing at 32-34 per cent annually. With increasing competitiveness amongst these, the players are bringing out newer products to attract more customers into their kitty. Foreign direct investment (FDI) up to 26 per cent is permitted under the automatic route subject to obtain a licence from the official regulator, Insurance Regulatory and Development Authority (IRDA). The total number ...
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  • Surety bonds, the new growth segment is best served by collaborative approach, says IRDAI Chairman
  • Insurance for All Should Become a Reality by 2047 or Even Earlier: Shri Debasish Panda
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Personalisation and transformation: Enabling ‘Insurance for all’
Personalisation and transformation: Enabling ‘Insurance for all’
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Interaction with the audience at Session V: 'Pensions and Retirement Solutions: ...
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Interaction with the audience at Session V: 'Pensions and Retirement Solutions: ...
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