Subject category:
Economics, Politics and Business Environment
Published by:
IBS Center for Management Research
Length: 16 pages
Data source: Published sources
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Abstract
This note examines the recent trends in the global insurance industry and provides information on the state of the global insurance industry in general, and the Indian insurance industry in particular. It details the major factors that have influenced the industry in the new millennium including the emergence of new distribution channels to market insurance products, consolidation and globalisation of insurance companies worldwide, rapidly developing technology and changing industry laws and regulations. The note also examines the negative impact of the US terrorist attacks in 2001 on the industry. Finally, the note presents an in-depth study on the changes in the Indian insurance industry after its deregulation. The note is intended to provide supporting material for case studies/courseware pertaining to the global and Indian insurance industries and the companies operating in these industries.
About
Abstract
This note examines the recent trends in the global insurance industry and provides information on the state of the global insurance industry in general, and the Indian insurance industry in particular. It details the major factors that have influenced the industry in the new millennium including the emergence of new distribution channels to market insurance products, consolidation and globalisation of insurance companies worldwide, rapidly developing technology and changing industry laws and regulations. The note also examines the negative impact of the US terrorist attacks in 2001 on the industry. Finally, the note presents an in-depth study on the changes in the Indian insurance industry after its deregulation. The note is intended to provide supporting material for case studies/courseware pertaining to the global and Indian insurance industries and the companies operating in these industries.