India Offers Big Insurance Opportunities

Despite a low penetration rate, the Indian insurance industry has performed well in the recent past. However, low penetration of insurance is also an indication that opportunities for the industry are plenty. Anup Rau, CEO and MD, Future Generali India Insurance is optimistic about the future. Rau has been associated with the industry for 19 years. In conversation with Dipen Pradhan, he shares his views on the insurance industry’s current scenario, prospects of regulatory changes and growth. Edited excerpts. What is your view on the current scenario of India’s insurance industry? Insurance industry has performed well in the recent past. It has continued to grow really well, yet the base is low. This is true for every segment of the country. We are at a developing stage where you will find that penetration opportunities are huge because they are under an extremely low base....