Overall, the dynamic landscape of the life insurance market in India reflects a confluence of changing customer preferences, technological advancements, regulatory dynamics, and macroeconomic trends driving the industry's evolution and expansion. Users Penetration Rate Access data in percent 2023 ...
an increase in the FDI limit from 26 to 49 in order to improve, promote and develop the domestic insurance industry. The low penetration rate of the Indian life segment provides ample scope for the development of new business ...
In 2023, the value of gross life insurance premiums written in Nigeria increased by 81 million euros.
The Malaysian life insurance industry is expected to enjoy encouraging growth next year spurred by the current low insurance penetration rate of 42.8%, says the Malaysian Insurance Institute (MII). Archived articles are available to Magazine subscribers only. If you are already a subscriber OR sign-...
India is a developing nation. It has not only blossomed economically but also financially and culturally. Moreover, the growth of the nation has positive impacts on various sectors, especially insurance. Due to the penetration of the insurance sector into the Indian markets, over 57% of the Ind...
India’s life insurance market — which remains largely untapped —is currently the world’s tenth biggest and is expected to grow to the fifth position by 2032. Life insurance penetration — the country’s life insurance premium as a percentage of GDP...
The growth of Malaysia's non-life insurance industry over the near to medium term is expected to be supported by the country's economic recovery and increased insurance penetration, says AM Best.Archived articles are available to Magazine subscribers only. If...
“With rising income levels, changing preferences of consumers preferring preventive care vs prescriptive care and increasing market penetration of health insurance, the healthcare delivery market in India is growing fast,” said Hirak Kayal, partner, Technology Consulting...
As the region experiences economic development and urbanization, there is a growing awareness of the importance of insurance as a risk management tool, driving the uptake of non-life insurance products among individuals and businesses. Additionally, government initiatives to promote insurance penetration ...
Penetration Rate in percent 2023 Please wait Most recent update: Sep 2024 Source:Statista Market Insights Data coverage: Data encompasses B2B and B2C enterprises. Figures are based on gross written premium, gross written premium per capita, gross claim payments, loss ratio, and distribution channels...