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Indian finance minister P. Chidambaram has said that the insurance market needed $5/6bn capital investment to achieve a faster penetration-current life penetration is 4.4% and non-life 0.8%.
Low penetration underlined the governments's bill last week to increase the foreign investment ceiling in insurers from 26 to 49%, reports Hindustan Times. |
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| Capital excellence in the capital - S... | ||
| London - Negotiable | ||
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| Life Actuarial Student – Risk | ||
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| ALM Strategy Specialist | ||
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| Senior Casualty Reinsurance Actuary | ||
| London - £140,000 Per Annum | ||
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