Increasing insurance penetration
11 Jun With the fast-paced lives we are leading today, no one knows what could happen next and that should be a trigger for one to prepare for any.
In the near term, global insurance technology spend is expected to grow at a rate customer needs and to improve insurance penetration, regulators globally.
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INCREASING INSURANCE PENETRATION IN INDIA. Insurance as an industry has secured a vital position in the development of the nation's economy. An.
Description:Story 'Budget can help increase insurance penetration' The budget can widen the scope of certain income tax exemptions, lower service tax on a number of products, and also incentiviseinvestments in technology startups to improve accessibility and risk assessment. On the demand side, structural factors such as dynamic economic growth alongside improvements in income distribution, education and financial inclusion would have a positive impact on expanding insurance in the region. Swiss Re Agents helps increase insurance penetration in India: On the supply side, improving market access and the design and implementation of more risk-oriented regulatory frameworks which take account of the conditions and degree of development of each market, are key factors which can contribute to increasing insurance penetration in the region. Unforeseen eventualities and uncertainties are so rampant that it has become imperative to look ahead — it could be a permanent injury, sickness, loss of property or an accident; the list is endless.