Mint Insurance Conclave
India’s life insurance sector is the biggest in the world with about 360 million policies which are expected to increase at a compound annual growth rate (CAGR) of 12-15 per cent over the next five years.
Despite being the second most populous nation in the world, the Indian general insurance market is largely untapped and has the potential to quadruple in size over the next 10 years.
India’s insurable population is anticipated to touch 750 million in 2020. Furthermore, life insurance is projected to comprise 35 per cent of total savings by the end of this decade.
Demographic factors such as growing middle class, young insurable population and growing awareness of the need for protection will support the growth of the insurance sector in India.
To discuss the growth within the sector, Mint brought together some of the niche industry experts, leaders and thought leaders under one umbrella.
Mint Insurance Conclave is one of the flagship events organised by Mint in association with Life Insurance Corporation, wherein expert panellists spoke and discussed about insurance industry, its growth, challenges and how to be ready for future.
- More than 120 senior representatives from BFSI, MFIs, NBFC, IT, Fin Tech companies and regulators attended the event.
- Animated panel discussions were held on topics like – ‘Changing Industry Structure’, which was moderated by Ira Dugal, Assistant Managing Editor, Mint.
- The second panel discussion was held on – Does the consumer come first in life insurance in India? It was moderated by Deepti Bhaskaran, Insurance Editor,Mint Money.
- The panel discussion was aired on our partner channel i.e. CNBC TV 18.
Insurance sector in India: Emerging Trends and Key challenges
Venue and Date
Venue : Sofitel, BKC, Mumbai
Date : 28 January, 2016