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PageWednesday, November 08, 2006
Swiss Re is one of the largest re-insurance companies in the world. Plans are taken to re-enter the health re-insurance business, in India and China.
The Indian health insurance business is the world's leading and diversified re-insurer. The company estimates to expand the Indian health insurance market from $400 million in 2005 to $3.5 billion 10 years later.
The managing director states that the strategic corporate development in Asia, Swiss Re, and the company sees marvelous opportunities in the two leading Asian nations.
The classification of Health insurance has a separate segment in the insurance sector. The stand-alone health insurance company - Star Health and Allied Insurance - has already started their operations.
Swiss Re expectations in serving the new health insurance players who are interested in setting up ventures in India, and offers advisory services on pricing and product design and also offering underwriting services. It also notices the objective to support the total value chain, for developing the end customer and claims management.
General Insurance Corporation, which is owned by Government, has now become a re-insurer has already set up a health re-insurance department to provide the new crop of stand-alone health insurance companies.
posted by renaa
@ 8:49 PM
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