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November 30, 2021
The Future of Insurance in INDIA : Shared value model (Using business case studies)
Think School
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Video Introduction:
The insurance industry in India is accelerating at a remarkable pace. as of 2020 mobile and internet has already reached 700million Indians and because of the Jio wave, the internet is already used even in the remote parts of the country. And these 2 factor expected to catalyse the insurance penetration and density India!! In fact, the IBEF reports states that the Indian insurance industry will grow four-fold in the next 10 years from its current size of USD 60 billion and with giant public listed players like Policy bazaar, LIC and SBI, there is one very important factor that they need to capitalise on to become a dominating player in the insurance market! And if they play their cards well, the profits of these companies can skyrocket by 1000s of crores in the next 10 years and obviously their stock price is going to shoot up accordingly! So the question is what is the next big revolution in the insurance sector?
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Study Materials :
https://hbr.org/2011/01/the-big-idea-creating-shared-value
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Chapters:
Intro 00:00
Skipping 'how insurance works?' : 02:47
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