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Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Jan 2022

Market Profile


India

Increased awareness bodes well for life sector

The Indian life insurance sector recorded growth of 8.46% in new business premium in the first eight months of the current financial year and is optimistic of the future as economic activities resume.
 

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Non-life faces the motor test

The Indian non-life segment is facing a churn in the traditionally dominant motor portfolio, the share of which has declined from 46% in FY2016 to 37% in FY2021.
 

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Brokers have a critical role

The Indian insurance sector is growing fast relative to other markets and brokers have played a vital role in this.
 

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Reinsuring the future

GIC Re celebrated its golden jubilee in 2021. As it charts its course for the next 50 years, Asia Insurance Review spoke with GIC Re’s Mr Devesh Srivastava about what comes next.
 

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What's essential to attract talent?

We spoke with National Insurance Academy’s Mr Gopalan Srinivasan and Bajaj Allianz General Insurance’s Mr Tapan Singhel about how to make the sector more attractive for new entrants.
 

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Know your health before your doctor does

Wearables not only bring down the health insurance claims ratio but also lead to a healthy population – wearable technology helps insurers and customers understand their health better.
 

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Where does health insurance go from here?

Indian health insurance saw a virtual resurgence during the pandemic when people shed their reluctance to buy health cover.
 

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Technology to transform crop insurance

Managing agricultural risks by addressing the current challenges of food and income security along with climate resiliency has become critical for India.
 

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InsurTech are in good health

InsurTech start-ups in India have been developing innovative solutions that smooth out almost all aspects of insurance.
 

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Boomtime for InsurTech

Over the past few years, InsurTechs have been on a roll in India, both in terms of numbers as well as funding and the pandemic has accelerated this trend.
 

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