Current trends of the general insurance market

” Despite there being over 30 players, the market is still under penetrated. In the general insurance sector, the penetration level is just about 0.65%, Dr Amarnath Ananthanarayanan points out “

The coming year will assume a significant position in the history of Indian insurance industry. It denotes completion of a decade of open-market; ending of oligopoly and entry of private sector insurance companies; and the regime of a new development oriented regulatory authority—the IRDA (Insurance Regulatory and Development Authority). Read more