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The insurance market will attain 80 billion USD of premiums in 2017

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Magazine Issue: 
2016, a transitional year [3]
Magazine date: 
Jan 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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Tue, 14/02/2017 - 13:00

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