India general insurance market expected to reach $40bn by 2022

Credit: iStock/kishore kumar

The general insurance market in India is expected to reach INR2.9trn ($40.1bn) in 2022, according to a new report from GlobalData. The growth is expected to be driven by a growing middle class, increasing awareness of the need for protection, and a favourable regulatory landscape. Gross written premium in India’s general insurance market totalled INR1.6trn in 2017 ($24.1bn), according to…

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