India is a happening ground for insurance at the moment. There are many new plans afoot with great expectations including a regulatory sandbox, InsurTechs, government-sponsored insurance schemes (health/agri/PA), telematics and new insurance companies. Then there is the onslaught of natural disasters buffeting the country, which has a low penetration rate. India is indeed a melting pot for lots of things in insurance.
It is expected to herald a brave new business model for the entire industry.
Asia Insurance Review, with GIC Re as co-organiser, is excited to once again provide this platform for both insurers and reinsurers, as well as intermediaries to come together to take stock of the state of the Indian insurance market and the new world of reinsurance to find that sustainable, new business model.
IR 2019 attracted a record of 700 registered delegates and 2020, with India being the 11th largest market in the world with a premium of US$100bn, is set to attract a greater number of insurance professionals from around the world.