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India insurance - EY
India insurance : industry developments fostering positive market sentiment Table of contents The Indian economy is one of the most attractive destinations in the emerging markets for insurance investment given that its sheer size and low level of penetration offer huge growth potential. The industry is currently the 15th-largest world market, with a total premium of US$60b in 2014. Executive summary 2. India insurance market, unprecedented growth 4. Evolving regulatory lanscape 6. Striding through the current challenges 8. Increased FDI limits change the face of insurance 10. Future enablers and trends 14. Conclusion 17. Abbreviations used 18. Appendix 18. Contacts 20. B India insurance : industry developments fostering positive market sentiment 1. Executive summary Ever since the industry opened to FDI of up to 26% in 2000, the country has seen increasing interest and participation by foreign players including the largest insurance companies from the UK, Japan, Europe and the US.
4 anc Industry developments fostering positive market sentiment 5 In the life insurance space, 75% of the market share is held by the sole Government-owned insurer of the
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