|
Insurance to grow fastest in India among G20: Swiss Re
![IndiaTimes]()
Wednesday, 17 January 2024
According to Swiss Re, the insurance sector in India is expected to witness the highest growth among G20 countries between 2024 and 2028. The reinsurance giant forecasts a strong inflation-adjusted growth rate of 7.1% for India's insurance market over the next five years, which is nearly three times higher than the global average of 2.4%. The Swiss Re Institute (SRI) also predicts an increase in insurance penetration, or the contribution of insurance to GDP, from 3.8% to 4.5% by 2034.
|
|
Wednesday, 17 January 2024
