A hugely under-insured India gears up to capture more reinsurance biz

Asian countries, China and India remain under insured because of low per capita income

There is just no getting away from the harsh fact that insurance is an afterthought across the globe, especially assets. This is what comes through from the global report on under-insurance by Lloyds' released this week. And other reports show low per capita income in over populated Asian countries make insurance a costly choice. 

Just sample this data. Netherlands and Indonesia both sit on flood-prone geographies. As one would expect, their appetite for insurance is at par with their relative per capita income levels; Netherlands tops the world league of general insurance penetration as a percentage of GDP (7.7 per