Given the significant regulatory changes in the industry over the past two years and the current level of uncertainty, over the last few weeks Milliman has been talking to CEOs across the life insurance industry to gauge their views on the current state of the sector and the outlook for the future.
A total of 11 CEOs participated in our survey through face-to-face discussions or telephone conversations. The CEOs represented:
- Five out of the top 10 private sector life insurance companies in India by new business market share as of YTD August 2012
- More than 61% of new business market share of the private sector until YTD August 2012
- A mix of companies focused on agency distribution and bancassurance distribution
- A mix of more established companies and aompanies that have entered the market in recent years
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