NU Online News Service, Jan. 16, 1:56 p.m. EST
A.M. Best says it expects further growth for India's insurance market, but despite increasing premiums, profitability continues to be a challenge for insurers.
In a Special Report on India's insurance market, Best says, “Since the market was liberalized in 2000, total insurance premiums have increased strongly, driven primarily by the life market.” But the ratings agency adds, “However, while the insurance sector offers prospects for growth, it is also characterized by challenges and frustrations.”
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