India’s insurance sector is poised for substantial growth, with premiums expected to increase by 7.1% from 2024 to 2028. However, the industry must address challenges around profitability and adoption rates to drive long-term growth. Newgen’s survey revealed in-depth insights about the issues troubling insurers.
Key Findings from Newgen’s Comprehensive Survey
We conducted a comprehensive survey in 2024 across various demographics to identify both challenges and opportunities for insurance growth in India. The survey, supported by robust data, identified three key findings:
- Gaps between insurance awareness and policy adoption
- Need to increase clarity on insurance policies
- Rise in preference for a digital-first approach
Our exclusive report is designed to help insurance providers and policymakers drive insurance penetration by addressing the gaps and reinventing business strategies.
How to Unlock the Growth Potential of the Insurance Sector:
- Discover the top 4 factors plaguing the growth of India’s insurance sector
- Learn from an in-depth analysis of the key findings
- Uncover opportunities for sustainable growth
- Explore actionable recommendations to bridge the gap
Download this exclusive report to navigate the metrics on present challenges and leverage the opportunities to future-proof the insurance business.