Banknet's Leadership Summit on Life Insurance"
- The Way Forward
May 2012, Mumbai
The Rs 2.9 trillion (US$ 58.7 billion)-Indian life insurance industry has emerged as the mainstay of entire insurance space. With over 35 crore life insurance policies in force, the industry has registered remarkable growth since its privatisation in 2000.
According to a report by BRICdata, the market size of Indian life insurance industry is anticipated to touch US$ 111.9 billion in 2015 from US$ 66.5 billion in 2011, marking a compounded annual growth rate (CAGR) of 14.1 per cent. The report estimates that India would be the third-largest market for life insurance in the world by 2015, only after China and Japan. At present, India stands 12th among the top global markets for life insurance. Also, the number of policies sold is expected to increase to 85.21 million in 2015 from 53.23 million in 2010. While individual life insurance segment is expected to account for 79.3 per cent of the life insurance industry in 2015 (from 74.8 per cent in 2010), unit-linked insurance plans (ULIPs) are estimated to be fastest growing product category at a CAGR of 21.2 per cent during that year.
Banknet’s Leaderdhip Summit on Life insurance – The way forward aims to create a platform to bring together people from various dynamics of insurance industry to explore and understand the future of this fast growing industry. The leaders will discuss the challenges and opportunities for further growth in this industry. Light will be shed on core issues like distribution and need for innovative products. The impact of technology and the various risks faced by the Insurance industry will also be covered in this conference.
Inaugral Session - Key Note addresses
Session 2 : Challenges of Business Growth:
Session 3: Gaining Consumers’ Trust:
Session 4:Challenges of Distribution
Session 5: Enterprise Risk Management
Session 6: Technology: Scalability and cost control
Who should attend???
• CEOs, CIOs CFOs, Directors and Senior Management of Insurance Companies
• Insurance Brokers
• Management Consultants and Service Providers
• Technology Companies
• Regulators & Supervisory Authorities Risk Managers
• Banks & Financial Institutions
• Companies Keen to Tap the Potential of the India Market
You can mail us for more details about partnerships at conference @ banknetindia.com OR call at 91-22-67102091.
Banknet's First Insurance Technology Forum on the 1st of June 2010 with theme "Aligning IT for efficiency & cost effectiveness in insurance sector" brought together Insurance & Technology Professionals from more than 30 companies on a single platform. On basis of industry feedbacks, Banknet has decided to shift from Forum format to Workshop format to make it more useful to the industry professionals.
If you are planning to organize Seminars, Briefings or Product Launch for BFSI or IT sector, we at Banknet would be pleased to associate with you.... Read more
NOTE: Banknet is the #1 organizer of Financial Services and Technology Conferences from Indiafor more than 7 years. More than 5,000 from 900+ Financial Institutions /Companies from 25 countries had been represented at Banknet Conferences.Banknet Conferences had been supported by more than 100 major IT Companies andFinancial Institutions from 12 countries. Banknet Conferences has brought morethan 150 CEOs, CTOs and Business Heads as speakers/panelists from Ministry ofFinance, RBI, IDRBT, IIB, Nasscom, Visa, IIM Ahmedabad, NMIMS, KPMG, McKinsey,Delloitte, Insurance Companies, Major PSU, private, foreign & cooperativebanks and technology vendors.
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