Global diversification of financial institutions, including the insurance sector, has proven beneficial to many economies by providing them with increased capital flows, higher competition, and the introduction of newer technologies and distribution channels. This paper aims to critically evaluate the liberalization process of India’s insurance sector and the impact it has had on the sector, both life, and non-life segments. As India is in the process of opening its insurance sector to increasing foreign participation, we compare the liberalization approach taken up by the BRICS countries for their own insurance sectors. Finally, a brief section has been included on the impact of the insurance sector on an economy’s performance in the World Bank’s Ease of Doing Business (EODB) index rankings.

(Available in Arabic)

Even though the British have already left the European Union on 31st January 2020, a "hard Brexit" is not yet off the table in so far as the two parties have not yet agreed on an agreement on future economic relations.

As a forward-looking think tank with a presence in four continents, IPAG has the pleasure & privilege to bring together insights, analysis, and foresight of some of the well-respected academicians, researchers, and practitioners from around the world on issues related to the Fourth Industrial Revolution. This publication is a testament to IPAG’s commitment to take research beyond the confines of spreadsheets and narratives to connect to what is happening now and which is shaping our future for good.