/24-7PressRelease/ - NEW DELHI, INDIA, June 01, 2006 - RNCOS Research: (http://www.marketsmonitor.com/category/FM004.html) Maturing progressively, the insurance sector in India appears to be one of the most talked of sectors amongst the foreign investors. Numerous opportunities are available in this sector for both domestic as well as international players.
Interest shown by U.K., in the insurance sector in India, was disclosed by Mr. John Cooke- the Chairman of Committee on Trade Liberalization and services recently. In view of the potential growth prospects, the insurance sector in India should permit Foreign Direct Investment of up to 48 percent, requested Mr. Cooke.
Traversing a full circle, from a liberal competitive market to nationalization and then back to liberalization, the insurance sector in India has shown rapid expansion over the past few years. Increasing demand of consumer and industrial products and services plus elimination of a few of the trade and investment barriers have been the main drivers behind the exponential growth of the insurance sector in India.
A recent market research report named "Indian Insurance Industry Forecast (2007-2009)" published by RNCOS- a growing market research and analysis firm provides a translucent picture of the overall insurance industry in India.
"India is the 5th largest economy in the world and it is likely that the number of consumers, mostly from middle class background, shall reach around $600mn within the next five years", as per experts at RNCOS.
The report provides detailed discussion of the past trends of the Indian insurance industry to help in present analysis as well as future predictions of the industry. It also offers a descriptive analysis of the market and product segments of the insurance industry in India. Analysis of the current market condition of the insurance industry in India is also covered in the report. It lists the profiles of the key players, including TATA AIG, ICICI Prudential, Birla Sunlife, Bajaj Allianz and ICICI Lombard, in this sector plus the strategies and plans adopted by them for the growth and development of the industry.
Various government policies influencing the Indian insurance industry are discussed in it. The report also covers the opportunities and challenges that exist before the insurance sector in India. The report is a must read for both the investors as well as businesses.
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About RNCOS
RNCOS, formed in 2002, offers Market Research Reports via MarketsMonitor for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.
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