India should not be overlooked, says Aon

by Richard Kilner

Story link: India should not be overlooked, says Aon

Aon has urged insurers not to disregard India’s potential business through fears of risk management, which has recently been improved.

The subcontinent’s enormous projects would prove highly lucrative to insurers willing to cover them.

In addition, covering India’s heavy industry would permit British firms to showcase themselves to the businesses in India which are nurturing the country’s swift economic expansion.

Only China has bested India in terms of growth, as the subcontinent has seen 9-11% increases in GDP.

India’s economic performance has attracted some $16bn of foreign investment.

It is embarking upon ambitious plans to grow its energy network, with expanding housing and retail markets providing a fertile market for investment.