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According to a report published by the consulting firm Redseer, the Indian insurance market's turnover is expected to reach 222 billion USD by 2026.
The average annual growth rate (CAGR) has been estimated at 13% over 2021-2026.
The increase in premiums would be driven by the development of the middle class and the digitilization of marketing insurance products.
New online distribution models such as business-to-consumer (B2C), business-to-business (B2B), and business-to-business-to-consumer (B2B2C) are also among the key growth drivers for the sector.
According to a report published by the consulting firm Redseer, the Indian insurance market's turnover is expected to reach 222 billion USD by 2026.
The average annual growth rate (CAGR) has been estimated at 13% over 2021-2026.
The increase in premiums would be driven by the development of the middle class and the digitilization of marketing insurance products.
New online distribution models such as business-to-consumer (B2C), business-to-business (B2B), and business-to-business-to-consumer (B2B2C) are also among the key growth drivers for the sector.