News Non-Life19 Oct 2023

India:Non-life insurance premiums could double by 2030 driven by regulatory reforms

| 19 Oct 2023

General insurance premiums in India are forecast to exceed INR3.91tn ($47bn) by 2030 based on historical data of 20 years. However, the premiums may cross the INR5tn mark by that year, considering regulatory reforms intended to achieve "Insurance for All" by 2047 and an anticipated increase in the number of market participants and intermediaries.

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