Country Profile - India: Non-life Players Vie for Market Domination
Source: Asia Insurance Review | Jan 2009
Since the opening up of the insurance sector in late 2000, the incumbent four public sector companies and the new private sector companies have been competing aggressively for business. There are currently 16 companies in the Indian non-life insurance market and with an economic slowdown forecast, it is going to be difficult times ahead for everyone. Our Indian Correspondent, Mr Jimmy John, speaks with the CEOs of two of the major private players in the industry to understand the market realities and the challenges that they are facing.
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