Sahoo concludes: “India’s general insurance industry is expected to grow on the back of strengthening policyholder protection, product innovation in motor and health, the expansion of parametric and disaster pools to manage climate risk, and a step-up in digital claims and distribution. Reforms such as tax exemption, GST reliefs, and stronger grievance redressal – paired with robust digital platforms and disciplined natural catastrophe (Nat-Cat) pricing – position the market for sustained premium growth. However, insurers need to remain watchful about the impact of the West Asia crisis, which has already increased risk premiums for marine, aviation, and transit (MAT) business, and construction costs in the country, with an expected wider impact on the economy.”