Tag «Penetration»

ROBUST BANCASSURANCE FRAMEWORK VITAL IN DIVERSIFYING OIL-BASED GCC ECONOMIES, YET PENETRATION IS LOW

Huge potential and challenges in insurance and bank collaborations to be addressed in Bancassurance MENA Summit in Dubai   Dubai, UAE, 10 February, 2015: The development of a robust bancassurance framework within the GCC insurance market is critical in diversifying the region’s oil-based economy, yet penetration rates are as low as 1-2% compared to 8-15% …

Penetration of Life Insurance Coverage Goes Up

The penetration of life insurance sector in India has increased from 2.15% in 2001 to 3.17% in 2012 which is above Brazil, Russia, Malaysia, Pakistan, China, Srilanka, Australia, Germany but below France, Switzerland, United Kingdom, United States of America, Japan, Singapore, South Korea, Taiwan and Hong Kong. As per information furnished by Insurance Regulatory and …