Unlocking India’s Insurance Future: Evolving Insurance and Insurtech Ecosystem

India's insurance market is projected to become the fastest-growing among G20 nations, with average annual real premium growth of 7.3% between 2025–29. Life insurance is expected to grow at a compound annual growth rate (CAGR) of 6.9% annually and non-life around 8.4% CAGR over the same period. This is underpinned by India's forecasted average real GDP growth of 6.2% annually over the next 10 years.

The Indian insurance and Insurtech sectors undergoing significant transformation driven by strong macroeconomic tailwinds, regulatory reforms, technological advancements, untapped market segments and evolving consumer behaviours. This report delves into the key structural drivers, regional opportunities, and coverage gaps shaping the industry's future.