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The Indian Insurance Industry has demonstrated robust growth ever since the liberalisation of the sector. With privatisation of the sector insurance penetration has moved up to around 0.7 per cent over last six years. And now with the removal of tariff, a new chapter is set to commence for the insurance industry on January 1, 2007. We believe that, after licensing of private players...

The past 6 years have seen a transformational change in the General Insurance industry in India. Since the first private companies were licensed in 2000, the insurance market premium has grown at the rate of 15% per annum and will have doubled in size by the end of this year. The opening up of the Insurance industry was carried out with the objective of helping the economy meet...

Royal Sundaram Alliance Insurance, a joint venture of Sundaram Finance and Royal & SunAllinace, is bullish on scaling up operations with the non-life insurance industry recording a robust growth this year. It is hoping to book a net profit of Rs.20 Crore in 2006-07 and a premium income of Rs.600 crore by sustaining the 31% growth. It clocked a healthy 31% growth in gross...

The general insurance industry is scheduled to be de-tariffed from January 2007. How will the de-tariffing impact customers? As of now, the tariff of almost 70 % of general insurance products is decided by the Tariff Advisory Committee. This will end on January 1, 2007, when a de-tariffed regime will take its place. What de-tariffing will mean to customers is that the prices of...

On the opportunities on retail insurance front in India: India has a huge retail market. In the current market scenario, Retail is becoming the buzz. Today, we see more and more people with higher disposable incomes. There is increased spending on personal assets such as cars, houses and contents. This increased spending and the growth of the middle class has fueled the growth of...