Lloyd’s Expects its Business to Grow 8-10 Percent in India

With its current annual premium income from India at $200 million, U.K.-based re-insurer Lloyd ‘s of London is looking at 8-10 percent annual growth in its India business.

The company has applied to India’s Insurance Regulatory and Development Authority for license and is likely to start operations in the country by early next year. Currently it underwrites business in the country on an off-shore basis.

“We are looking at a growth in our business from India operations in future at 8-10 per cent which is slightly more than the country’s GDP growth,” Lloyd’s of London chairman John Nelson told reporters at the Times of India.

John Nelson

John Nelson

“We will grow our business in the country gradually by offering solutions for complex and specialist risks like infrastructure, energy, director and officer liability, trade credit, terrorism and disaster management. For us, Indian market from the day one will be high competitive market,” he added.

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.


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