Stepping out gingerly

Insurance Report Card Part I

 This October it would be three years since the first set of private companies were issued underwriting licences by the Insurance Regulatory and Development Authority.

 Since then, the private sector has managed to corner about 8 per cent of the life insurance market and grab over 10 per cent of the premium generated in the general insurance segment.

 So, what else has changed for the insurance industry over the last three years?