29th November 2019,
Four Seasons, Worli, Mumbai

Gallery

Securing India
for a better tomorrow

Agenda

A world class platform
one-to-one meetings

Register

About Summit

Acting as the change agent, it is ET’s constant endeavor to address to the issues and matters of importance that are determinants to the growth of our nation...

Things to Watch Out

A world class platform, one-to-one meetings with solution providers and the opportunity to network with your peers will arm you with the information you need...

Who Should Attend

Regulators/Policy makers, Chief Executive Officer, Chief Financial Officer, Chief Corporate/Legal Officer from BFSI Sector, Public Limited Cos., Insurance Cos., Advisories...

Who Should Sponsor?

Insurance Companies, Tech Companies, Insurance Policy Aggregators, Associations, Consultant Companies, Credit Rating Companies...

Overview of the Insurance Industry in India/ Setting the tone

The Indian insurance industry is expected to reach US$ 280 billion by 2020 driven by high levels of awareness, customizable and innovative products with easy access to the product. Overall insurance penetration in India reached 3.69 per cent in 2017 from 2.71 per cent in 2001.

Gross premiums written in India reached Rs 5,78,000 crore (US$ 82.8 billion) in FY19, with Rs 4,08,000 crore (US$ 58.5 billion) from life insurance and Rs 1,69,000 crore (US$ 24.3 billion) from non-life insurance.

The Indian Insurance Market Share

The Insurance industry in India has been segmented into 24 life insurance companies and 33 non-life-insurance companies. There are two reinsurance companies as well. The market share of private sector companies in the non-life insurance market rose from 13.12 per cent in FY03 to 55.7 per cent in FY20 (up to April 2019). In life insurance segment, private players had a market share of 25.29 per cent in new business in FY19.

The Future Insurance in India

The Indian insurance industry is pollen to bees. The industry is highly demanding and desperate for expansion. The market share is so excessively large that a lot of foreign companies look forward to investing in the sector. There are discussions happening on mergers and new entrants in the business.

Things to Watch Out:

A world class platform, one-to-one meetings with solution providers and the opportunity to network with your peers will arm you with the information you need. The summit will discuss key challenges being faced, advancement in the sector and the opportunities. The summit will include:
Focused tracks and round table discussions

Round-table discussions provide you with the advantage of asking questions as the discussion progresses.

Thought-provoking group discussion

Inclusive session that will enable and engage the audience through an interesting and thought-provoking group discussion to discuss the key issues in the industry and bring out their relevant solutions

Engaging fire side chats

Bring the guest speaker and audience closer together and give relevant content to the audience.

Inputs from the top who’s who of the industry

You network with other business leaders to exchange ideas and get advice.

Live Survey

Live Survey during the summit that will provide immediate feedback from the attending audience on varied issues

The Economic Times Insurance Summit 2019

Acting as the change agent, it is ET’s constant endeavor to address to the issues and matters of importance that are determinants to the growth of our nation. ET, through its various industry led initiatives, has been promoting the transformation India is witnessing at its every nook and corner and so ET announces the 6th edition of The Economic Times Insurance Summit to showcase the growth the sector witnessed, challenges faced and how it overcame the challenges and what will determine the growth rate of the sector in years to come? In this edition, we will take stock of the situation, analyze the past and draw the future. The one day summit will discuss all major aspects that needs immediate attention and bring forth the hidden opportunities. The agenda will be to explore:

  • • Securing rural India
  • • Exploring the various facets of premium customer experience
  • • Reality check on where India stands against the Globe
  • • Mitigating risks in this ever changing and transformative world
  • • Talent acquisition
  • • Aligning digital in the core process