General Insurance Industry In India

Name Of Company	Premium (Gross) 2007-08	Premium (Gross) 2006-07
Royal Sundaram	695.16	600.58
Tata-AIG	813.39	741.56
Reliance General	1946.42	912.31
IFFCO-TOKIO	1235.83	1150.32
ICICI Lombard	3344.69	3003.45
Bajaj Allianz	2404.34	1803.34
HDFC ERGO General	216.58	190.16
Cholamandalam	563.67	314.59
Future Generali	10.64	0
Universal Sompo	0.48	0
New India	5274.14	5017.19
National Insurance	4030.8	3814.42
United India	3738.94	3498.77
Oriental Insurance	3855.61	3928.66
ECGC	669.39	618.05
Star Health	173.03	22.51
Apollo DKV	2.98	0
AIC	828.66	564.67

You can see there are many companies which have just started operations in india. There are many more companies which will be entering the indian insurance market in coming years.
These data are taken from IRDA journal and shows the premium collected by companies over year and year on year growth.

Actuarial Knowledge Process Outsourcing

Actuaries are highly skilled professionals and are in great demand in insurance industry all over the world. Due to recently privatised industry here in India , first wave of qualified actuaries will be out within two years. By that time number of Actuarial Students will also be quite large.

KPO - Knowledge Process Outsourcing industry in india is growing rapidly. Since Actuaries all over the world are in great demand and India promises to provide skilled manpower to cater this need. KPO industry in india ( in actuarial field) promises to be a big employer and money spinner in coming 5 years.

Many IT companies have already sensed this oppurtunity and already started to stablish their KPO's. Other big multinational insurance company also have started to offshore their Actuarial Work to Indian subsidary.

Lets see how this industry fair in the future.