The Indian insurance sector is on the threshold of a sustained period of growth, says Ashok Kumar Roy, chairman cum managing director of GIC Re.
India today seems to be the flavour of the season. There are two factors behind this:
1) A promising industry with a double-digit growth rate over the last 13 years; and
2) Low insurance penetration but with vast potential just waiting to be tapped.
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GIC Re, Ashok Roy, Indian, reinsurance