According to Moody's, the Indian insurance market [4]‘s growth outlook is favorable. This outlook is supported by an expected 9.3% GDP expansion in the fiscal year 2021-2022 and a strong demand for health insurance due to the Covid-19.
During the first nine months of 2021, Indian insurers reported a 9% turnover increase. Non-life and life premiums grew by 11% and 7%, respectively.
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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-187-january-2022
[4] https://www.atlas-mag.net/en/article/indian-insurance-martket