TY - BOOK ID - 85601766 TI - India : Financial Sector Assessment Program: Insurance Sector Regulation and Supervision-Technical Note. PY - 2018 SN - 1484348737 1484348710 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Finance: General KW - Insurance KW - Macroeconomics KW - Industries: Financial Services KW - Pension Funds KW - Non-bank Financial Institutions KW - Financial Instruments KW - Institutional Investors KW - Insurance Companies KW - Actuarial Studies KW - Bankruptcy KW - Liquidation KW - Labor Economics: General KW - General Financial Markets: Government Policy and Regulation KW - Finance KW - Insurance & actuarial studies KW - Labour KW - income economics KW - Insurance companies KW - Solvency KW - Labor KW - Financial Sector Assessment Program KW - Financial institutions KW - Financial sector policy and analysis KW - Debt KW - Labor economics KW - Financial services industry KW - India KW - Income economics UR - https://www.unicat.be/uniCat?func=search&query=sysid:85601766 AB - This Technical Note provides an assessment of the recent development of regulation and supervision of the Indian insurance sector. The sector has continued to grow in scale and diversity, surmounting the adverse impact of the global financial crisis, although penetration remains relatively low. Public sector insurers continue to command a majority of the market and life insurance predominates, with about 75 percent of total premiums. Non-life insurance is dominated by motor insurance. Penetration rates are unchanged from 2011 and generally lower than in comparator countries, especially in non-life. Although traditional sale channels continue to predominate, there is increasing diversity in distribution. Risks in life insurance are relatively well spread and in non-life are mainly short-term. ER -