New Delhi, Aug 30 (IANS) More efficient distribution as well as deployment of additional capital inflows from foreign partners is key to the growth of India’s #insurance industry, recommended a report on Sunday.
The Confederation of Indian Industry-Ernst & Young (#EY) report on the insurance industry titled ‘Building Growth, Building Value’ recommends chasing efficiency in distribution by finding greater synergy among the different channels, the #CII said in a release here.
“The report also states that insurers must be careful in identifying the right ways to employ additional capital inflows that they may receive over the next few years with capital infusion from the foreign partner,” it said.
With the passage of the Insurance Laws (Amendment) Act 2015, the longtime demand of having greater access to foreign capital has been fulfilled, said the industry chamber.
“However, insurance companies must tread with caution and carefully adopt changes to make the best possible use of the opportunities presented,” it added.