Indian insurance premium volumes grow 32%
Friday, 02 17 2017, Category: Insurance and Reinsurance, Country: Asia
The Indian insurance market has recorded significant premium growth in between April 2016 and January 2017, but AM Best warns on growing risks.
During the period, the insurance industry in India grew earned premium income by 32 percent to $15.5 billion, a growth of 31.7 percent from April-January of the previous year, according to data by India’s insurance regulator IRDAI.
State-run public sector insurance companies had market share of 46.99 percent where private sector general insurers were at 42.03 percent.
Source: Intelligent Insurer