India’s insurance sector is poised for growth following the 100% FDI reform, attracting foreign investment in health insurance and reinsurance. While increased competition and regulatory challenges persist, the market is set to benefit from advanced underwriting, innovation, and a growing role as a regional reinsurance hub. Venkatesh Raman Prasad, Partner at JSA Advocates & Solicitors said scaling challenges persist. “Distribution remains heavily concentrated in urban markets, compliance expectations continue to be significant, and evolving data protection and localisation requirements add another layer of operational complexity. In addition, strict capital and solvency requirements and absence of a composite licensing framework may continue to impact the pace at which global insurers scale in India, he said. Read more
This story also appeared online.
