The insurance sector in India was thrown open to private companies in 2000, attracting a rush from banks, private companies including global companies to join the fray. Today, even after two decades the spread of insurance is very poor.
Indian managers are heading multinationals in large numbers. Well-educated and brilliant, you can find them as expatriates leading multinationals in several countries. The Expat Insider 2018 survey released by Inter Nations provides some interesting data on expats. Look at the highlights: Indians who move abroad have an average age of 36
This second largest general insurance company has strong credentials to get the other two public sector GI companies merged with this. The 14-storey new building under construction is ready for this! Public sector General insurance companies have been bleeding due to continuing adverse claim ratios and intense competition resulting in rate
Both ‘insurance density’ and ‘penetration’ in India are among the lowest in the world. ‘Economic growth’ presents us with a God-sent opportunity to spread insurance. Our Insurance Act of 1938 is one of the most comprehensive pieces of law. A notable aspect of it is that no risk, of whatever kind,