INTERNATIONAL SCENARIO
Life insurance not plays an important role in national economy but also in international economy. Marine cargo insurance provides risk coverage for shippers and the banks, which finance international trades. This role becomes all the more important in the context of an active government policy to encourage exports. Indian life insurer operates in more than 30 countries through agencies, branches, associates companies. These operations earn foreign exchange. The insurance business is concerned with North America, Western Europe, Japan and Oceania. Together these region’s accounts for about 91 % of the world annul remium. By region’s North America and western Europe are growing moderately while oceanic, Latin America, eastern Europe and Africa display growth above lone –term trends to a global context globalization of life insurance helps companies practices underwriting discipline in one regions globalization of the insurance industry received a big boost.
LIC - Foreign units
- UK
- SRILANKA
- FIJI
- MAURITIUS
- BAHRAIN
- NEPAL
- KENINDIA ASSURANCE
- SICCI
"LIKE US ON FACEBOOK"
No comments:
Post a Comment