India’s ranking in the world insurance market has dropped four places from number 11 in 2010 to number 15 in 2011 because of a sharp drop in life insurance business in 2011-12. As a result of a drop in life insurance premium, India’s share of the world insurance market has declined to 1.58% in 2011 from 1.8% in 2010.
India has been displaced by countries like Brazil, Spain and Taiwan which now rank higher than India.
Mayur Shetty, TNNÂ
http://timesofindia.indiatimes.com/business/india-business/Indias-ranking-in-world-insurance-market-drops-four-places/articleshow/14464444.cms
