Home  •  Latest News  •  Submit Your News  •  Submit Your Site  •  Submit Your Event  •  Member Login     

Wednesday, December 13, 2017
 
LocalNews Homepage
 
News
• Latest News
• Subscribe to News Feed
 
Create a Press Release
• Submit Your News
 
Events
• Local Event Calendar
• Submit Your Event
 
Websites
• Search Local Websites
• Submit Your Website
 
Help
• About LocalNews
• Why Submit?
• FAQs
• Contact Us
• TOS & Privacy
 
 
RNCOS White Paper: The Indian Health Insurance Sector
 
Release Date: 10/18/2017
 
The health insurance industry in the country has evolved significantly in past decade with the application of digitalization and the emergence of Internet of things (IoT). The embracing of technology has brought in revolutionary changes in the industry as industry players are now assigning chat bots to better manage the operations. Health insurance is the fastest growing sector with the CAGR of around 17% during the period 2011-12 to 2015-16 as per RNCOS analysis.

Highlighting the potential of this industry, Shushmul Maheshwari, CEO RNCOS said, "Leveraging digital distributional channels is likely to enhance the customer experience and propel the growth of insurance sector in India. With rising medical cost, health insurance has become a necessity of the era than a business proposition".

According to RNCOS, the health insurance industry is dominated by public sector general insurers. However, standalone sector general insurers have continued to gain the market share while the private sector general insurers have continued to witness dip in the industry since 2012-13.
However, the affordability of health insurance premium, inadequate healthcare infrastructure and lack of awareness are the challenges pertaining in the Indian health insurance industry. The inability to understand the basic concept is a major roadblock in way of growth towards insurance industry. Although the awareness level has grown over the decade but the momentum to popularize the health industry remains slow.

With more than a decade of experience in insurance industry, RNCOS can act as a potential growth partner in all your business endeavors, be it product launching, geographic expansion, sales improvement, distributor/retailer tie-ups etc. We help make your business flourish by studying the market dynamics, collating with you business and devising the right strategies.

To get a complimentary copy of the white paper, please click: http://rncos.viewpage.co/Indian-Health-Insurance

Check Related REPORTS on: http://www.rncos.com/Banking&Insurance.htm
 
Contact Information
Visit Website
E-Mail For More Information

 
Print RNCOS White Paper: The Indian Health Insurance Sector  Print this Article
 
<< Back to Latest News

 
© 2017 localnews.biz.    All Rights Reserved.