According to the new norms, an individual can act as an insurance agent for only one life insurer, one general insurer, one health insurer and one monoline insurer. Irdai has said anyone acting as an insurance agent in contravention of the provisions of the Act will be liable to pay a penalty of up to Rs 10,000.
The article cited AMA's "Global Body part Insurance Market Study" explored substantial growth of %. According to the report, Increasing Awareness About the Body Part Insurance is one of the primary growth factors for the market. Benefits of Body Parts Insurance is Fuelling the Market is also expected to contribute significantly to the Body part Insurance market. Overall, Personal
applications of Body part Insurance, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution channel, such as Online channel, is boosting the Body part Insurance market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Body part Insurance market identified that the demand is rising in many different parts of the world as "Growing Online Sales Channel
". Furthermore, some recent industry insights like "in Sept 2020, Zurich launches dedicated Climate Change Resilience Services to Help Businesses Tackle Climate Change Risks." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Body part Insurance market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Body part Insurance market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Body part Insurance market size is calculated using market estimation process, the Body part Insurance market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Body part Insurance market size has been validated using both top-down and bottom-up approaches.