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Insurance: Indian And Foreign Firms Test Positive For Growth Steroid, Knowledge@Smu
Insurance: Indian And Foreign Firms Test Positive For Growth Steroid, Knowledge@Smu
Knowledge@SMU
The new crop of private and foreign players in India's de-nationalized insurance industry is achieving growth rates in market shares that are bigger than its ambitious estimates. Insurance penetration -- both life and non-life -- has taken off vertically with a proliferation of products, and the former state-owned monopolies are pulling out the best in their armory. India Knowledge@Wharton spoke to some of the key players, industry regulators and consulting houses to capture a ringside view of one of the biggest slugfests these days in the emerging economies.