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by tisha_b on August 25th, 2009

tisha_b

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Is Insurance industry an industry with great long-term potential?

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  • by amiramain on August 26th, 2009

    amiramain

    The insurance industry is an industry with great near-term and long-term potential. A very small part of the population [just about a fifth] is insured and even those who are insured are largely underinsured. Another reason is that India has a high rate of GDP growth as well as a high domestic savings rate and this along with almost 70 per cent of the population being below the age of 35 makes India one of the world’s most exciting markets for financial products and services.

    In the last five years we have seen the industry grow by leaps and bounds. This growth has been moderated a bit by the current financial crisis but this is likely to be a temporary phenomena and I expect to see the industry back in a high-growth trajectory in the next one or two quarters.
    Form more information check out http://www.timesascent.in/article/2/2009082020090820113043484207e7d2c/The-insurance-industry-is-an-industry-with-great-nearterm-and-longterm-potential.html

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