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International

India: Insurance regulator expects up to 18% growth in nonlife sector in second half

December 17, 2013 Reprints

India's insurance regulator expects the industry to grow in the second half of the financial year ending Mar. 31 2014, with the nonlife segment witnessing a growth of 16% to 18%, Financial Chronicle reported.

TS Vijayan, chairman of the Insurance Regulatory Development Authority, said "the total premium income is now at 4 trillion Indian rupees ($64.32 billion)."

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India: Insurance regulator expects up to 18% growth in nonlife sector in second half

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