Magazine date:
Jun 2022 
According to a report published by the consulting firm Redseer, the Indian insurance market [4]'s turnover is expected to reach 222 billion USD by 2026.
The average annual growth rate (CAGR) has been estimated at 13% over 2021-2026.
The increase in premiums would be driven by the development of the middle class and the digitilization of marketing insurance products.
New online distribution models such as business-to-consumer (B2C), business-to-business (B2B), and business-to-business-to-consumer (B2B2C) are also among the key growth drivers for the sector.