Global reinsurer Swiss Re has projected that the Indian insurance industry will grow at a compound annual rate of 6.9 per cent between 2026 and 2030, making India the fastest-growing insurance market globally, ahead of China, the US, and Western Europe. We forecast premiums to grow by 3.7 per cent in 2026 in real terms, and by a CAGR of 6.9 per cent over 2026–30. This would make India the fastest-growing insurance market globally,” the reinsurer said. Recent interventions include the GST exemption on individual life and non-life insurance premiums, opening the sector to 100 per cent foreign direct investment, and progress on the Bima Sugam online insurance marketplace. The non-life segment faces near-term volatility due to regulatory shifts and softer demand in motor, health and select commercial lines.

Source: The Telegraph January 20, 2026 02:39 UTC