Anand Thakur and Sushil Kumar (2013), Health Insurance Penetration in India: Implications for Marketers, Special Issue: Proceedings of 2nd International Conference on Emerging Trends in Engineering and Management, ICETEM, International Journal of Advances in Engineering Sciences Vol.3 (3), July, 2013...
segment has seen a 25% increase in policy sales, demonstrating the impact of digitalization on the industry. With the government's focus on financial inclusion, the insurance penetration rate in India has reached nearly 4%. However, this figure indicates substantial room for growth in the coming...
“Health insurance penetration in India is abysmally low, and what cannot be glossed over is that every year millions of people in our country are pushed below the poverty line because of the burden of out-of-pocket healthcare expenses. Access to health insurance...
Published byJennifer Rudden,Nov 1, 2024 In 2022, insurance penetration was highest in the United States where the value of insurance premiums accounted for almost 12 percent of GDP. Insurance penetration is used as an indicator of insurance sector development within a country and is calculated as...
Health insurance penetration in the country has improved over the years due to the global pandemic COVID-19, and consistently increasing medical inflation. The importance of health insurance plans is not unnoticed. In India health insurance is divided into 2 categories, namely private and public. ...
Rising costs of healthcare in India, a growing middle class, greater awareness of the need for insurance coverage following the pandemic, and supportive regulations have combined to position the insurance industry at the start of an insurance penetration S-curve, with the potential for rapid growt...
Premium Statistic Life and non-life insurance penetration in selected regions globally 2020-2022 Leading companies 8 Premium Statistic Largest life insurance companies globally December 2023, by market capitalization Premium Statistic Largest U.S. life insurance companies 2024, by market cap Premium...
India is expected to become the third largest global economy by 2030 and presents significant untapped potential for the development of insurance solutions. The country’s rapid economic growth, coupled with low levels of insurance penetration, increasing awareness, strong digital infrastructure and expand...
The lenient foreign ownership cap will help expand insurance penetration in the country of 1.3 billion people and make long-term funding available for infrastructure development. The move will also help boost valuation of the country’s insurers, as Prime Minister Narendra Modi seeks to take state-...
grow.Thisissupportedbyouranalysisthatcertainmarkets,includingIndiaandChina, areatthedevelopmentstagewherenotablegainsininsurancepenetrationcanbe expectedinthecomingdecade. Innon-life,weseehardmarketconditionsInnon-lifebusiness,globalinflationpressureshavedrivenpremiumrateshigher,as continuingthisyear,particularlyinpersonal...