India

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  • Industry: Financial Services, Insurance
  • Date: 5/14/2013

Insurance Industry - Road Ahead 

While the Indian insurance industry struggles to move out of the shadows cast by the challenges and uncertainties of the last few years, the strong fundamentals of the industry augur well for a roadmap to be drawn for sustainable long-term growth. The available headroom for development, sustainable external growth drivers, and competitive strategies would continue to drive growth in the gross written premiums. However, insurance companies have to address the key concern around losses that continue to be a drag on the capital and on the shareholders’ return expectations. In order to achieve profitable growth for long term sustainability, insurers have two key imperatives—conserve capital and optimize the existing resource deployment and distribution networks and innovate in operating models and value propositions in order to develop sustainable competitive edge.
Insurance Industry - Road Ahead: Path for sustainable growth momentum and increasing profitability
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