The insurance market will attain 80 billion USD of premiums in 2017
The forecasts for the Indian insurance market exhibit a sustained turnover growth of 20% at 80 billion USD for the year 2017. The 2015-2016 period has already reported a 14% growth for the non life class of business and 12% for the life one.
Ceded reinsurance premiums have attained nearly 2.9 billion USD. Penetration rate has risen from 3.3% to 3.4%. As far as 2017 is concerned, agricultural and health insurance covers will be the drivers of growth.
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