INSURANCE WILL GROW FASTEST IN INDIA AMONG G20
- NEWS Desk Global
- Jan 17, 2024
- 1 min read
India’s insurance sector is set to be the fastest growing among G20 countries from 2024 to 2028, reinsurance giant Swiss Re said. The insurer forecasts a robust inflation-adjusted growth rate of 7.1% for India’s insurance market over the next five years, nearly three times higher than the global average of 2.4%. The Swiss Re Institute (SRI) anticipates an increase in insurance penetration (the contribution of insurance to GDP) from 3.8% to 4.5% by 2034.
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