Marine Insurance and India: Trends, Challenges and Opportunities

The United Nations Conference on Trade and Development in June 1964 highlighted the inter-linkages between the insurance/reinsurance markets and the economy. ‘A sound national insurance and reinsurance market is an essential characteristic of economic growth’ (Proceedings of the United Nations Conference on Trade and Development, Geneva Citation1964, 55). Forbes, the leading global media company, published the list of the world’s largest companies for 2023 in June 2023. The top 20 insurance businesses on the list included seven Americans, four Chinese, two Japanese and Germans, and one Canadian, French, Italian, Dutch, and Swiss (Top 20 Largest Insurance Companies—Forbes Global 2023 Citation2023).