Country Profile - India : The life insurance sector in India – What next?
Source: Asia Insurance Review | Jan 2010
It has been almost nine years since the opening of the Indian insurance sector for private and foreign participation. Some 22 private sector life insurance companies have since established operations, out of which 20 are joint ventures with foreign players. Mr Richard Holloway – Asia-Pacific Regional Practice Director, Insurance and Financial Services Practice and Mr Sanket Kawatkar – Head of Life Insurance Consulting Practice, India, both from Watson Wyatt Worldwide, say that while many of the companies may not be making money yet, life insurers are still confident about the market and its huge potential.
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