Risk and Capital Survey in India: Findings

In recent years, capital appears to have generally become more of a constraint for Indian life insurers. While the causes may be multifactorial, it may be due in part to a period of relatively sustained growth in sales, notably in higher-guarantee, non-participating savings business. Milliman conducted a short survey of 17 (out of 24) life insurers to understand how they are managing the risks associated with these guaranteed savings products. The main results of the survey are presented in this e-Alert.