Regulatory, customer pattern changes nudge foreign insurers' India interest

A slew of foreign insurers have already either bought stakes in existing insurance companies, or formed a new joint venture to tap the potential of the Indian insurance market

Over the past two years, the Indian insurance industry has seen increased interest from foreign insurers, driven by regulatory changes, relaxed FDI norms, shifting customer preferences, and the sector’s strong growth potential, experts say. As a result, a slew of foreign insurers have either bought stakes in existing insurance companies, or formed a new joint venture to tap the potential of the Indian insurance market.

 

“Currently, the insurance market is at an inflection point. There is increasing interest among foreign insurers to enter the Indian market due to the changes in the regulatory environment which has made insurance easier to