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India's Insurance Industry: Liberalization, Deregulation and Private Sector OpportunitiesBy Ashish Lall & Shirley Koh |
| Publisher Ref No: | ABCC-2008-002 | Pub/Rev Date: | 2008 |
| Industry: | Insurance | Case Length: | 28 pages |
| Teaching Note Ref: | - | Teaching Note: | - |
| Organisation: | Tata Consultancy Services | Period Covered: | 1999 - 2006 |
| Country: | India | Level: | Undergraduate/ Postgraduate |
| Publisher: | The Asian Business Case Centre, Nanyang Technological University |
Abstract
Since 1999, India's insurance industry had been undergoing transformation brought about by liberalisation and detariffication. Liberalisation had opened the former government-operated insurance industry to private competition and foreign minority ownership. Macroeconomic factors especially high GDP growth rates were fostering growth in the industry. While the incumbent insurers still dominated the market, private insurers were meeting the competition with new products and distribution channels in the brave new world of post-detariffication.
Issues: Liberalisation of Indian insurance industry
About the Authors
