Abstract

This note examines the recent trends in the global insurance industry and provides information on the state of global insurance industry in general, and the Indian insurance industry in particular. It details the major factors that have influenced the industry in the new millennium including the emergence of new distribution channels to market insurance products, consolidation and globalization of insurance companies worldwide, rapidly developing technology and changing industry laws and regulations. The note also examines the negative impact of the US terrorist attacks in 2001 on the industry. Finally, the note presents an in-depth study on the changes in the Indian insurance industry after its deregulation.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

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Keywords

Recent trends, global insurance industry, global insurance industry, Indian insurance industry, distribution channels, market insurance products, consolidation, globalization, developing technology, changing industry laws, regulations, negative impact, US terrorist attacks, 2001, deregulation, supporting material