The private sector market share has increased significantly from 28% in 2017 to 38% in 2022. At the same time, Life Insurance penetration in India climbed to 3.2% in December 2021, making India ...

The number of searches for health insurance in 2022 totaled 30.36 lakhs ... Changes in Search Volumes Understanding the health insurance trends in India and changes in consumer preferences ...

Additionally, insurance companies have been pushed to develop new service models and cutting-edge products in response to the growing need for seamless service and flexible coverage. If you wish to ...

With the Indian insurance industry ... Authority of India (IRDAI), covering mental illness has become mandatory for all health insurance companies from November 2022. Understanding the importance ...

Here’s a quick recap of the 2022 key trends and developments that can ... transparency are expected to boost the need for insurance in India’s tier 2 and tier 3 cities in the upcoming years.

Following this, it expects the life insurance premiums in India to cross $100 billion for the first time in 2022. In regards to the non-life insurance market, Swiss Re in its report, stated that ...

Considering the projected growth rate, the life insurance premiums in India are set to cross $100 billion for the first time in 2022, it said. As far as non-life insurance market is concerned ...

Insurance penetration in the country slowed down from 4 percent in 2022-23 to 3.7 percent in FY24, despite a strong push from the sector regulator to get the entire 1.4-billion population under ...

Migration trends can impact a number of areas ... Meanwhile, the “great resignation” has the potential to impact insurance loss ratios, as the traditional approach to projecting profitability ...

According to regulator Irdai's annual report released on Monday, India's insurance penetration was 3.7% in FY24 compared to 4% in 2022-23. The insurance penetration for the life insurance industry ...