NEW DELHI: India to become sixth largest insurance market in the world in the next 10 years supported by regulatory push and rapid economic expansion, a report said.
Total insurance premiums in India will grow by an average 14 per cent per annum in nominal local currency terms over the next decade, making India the 6th largest in terms of total premium volume by 2032 from 10th largest in 2021, Swiss Re Institute said in its report.
