Transcription of Insurance industry - Challenges, reforms and …
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Insurance industry - Challenges, reforms and …
Insurance industry challenges , reforms and realignment Confederation of Indian industry 1 Foreword .. 4. 2 Executive summary .. 5. 3 Introduction .. 6. Indian economy .. 6. Insurance industry landscape .. 8. 4 Underlying growth drivers for Insurance in India .. 12. Growing economy and purchasing 13. Rising focus on rural market .. 14. Rising demand for motor Insurance .. 14. Robust growth in health Insurance .. 14. Emerging trends .. 15. Regulatory trends .. 17. 5 Life Insurance : issues and 18. Products .. 18 6. Distribution .. 20. Customer servicing .. 22. Governance and regulatory issues .. 23. 6 Non-life Insurance : issues and 24. Products .. 24. Distribution .. 26. Governance and regulatory issues .. 29. Health Insurance .. 29. 7 Way forward.
6 Insurance industry: Challenges, reforms and realignment India recorded a growth in the gross domestic product (GDP) of 6.5% for FY12, which was a sharp decline from
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