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23RD SEPTEMBER 2015 Grand Hyatt, Mumbai

www.et-insurance.com

IntroductionFinally emerging from a difficult economic period caused by the global financial crisis, the Indian insurance industry has begun to show positive premium growth and the rates of return on fixed investments have also improved. Although moderate, this growth signals a turnaround for the industry and, combined with recent capital pressures, stronger stock markets, higher premium growth and cost containment efforts may indicate the start of the next hard market for insurers. In fact, according to a report, the Indian life insurance sector is likely to grow between 12-15% in financial year 2015 -16 and will be marked with much increased reach, premiums and density. Further, plans from regulatory agency IRDA to introduce newer channels for distribution such as insurance marketing firms only adds to the optimistic outlook.

However, notwithstanding the improvement in penetration and density in the last years, India largely remains an under-penetrated market. The market today is primarily dependent on push, tax incentives and mandatory buying for sales. There is very little customer pull, which will come from with increasing savings and disposable income. Till then the stakeholders will increasing transparency of cost and pricing, effective distribution and improving customer servicing to drive sales. Attrition rate and skill development is one key area which also holds the industry back as making consumer aware of products and outlining benefits require considerable experience, an expectation which is handled with difficulty due to constantly changing staff. Another major challenge faced by the industry if forming distribution channels, with which the smaller agencies have operational limitations.

Considering that there is still large market to be tapped by insurers, without which, nation will be burdened with unprecedented costs the need of the hour is to for leaders to get together and find probable solutions to challenges hindering the growth of insurance industry.

India’s INSURANCE DENSITY figures have risen to $55 in 2015 from $52 in 2014. Comparing globally, insurance penetration stands at 6.2 per cent, while density is at $662 for 2014

The Economic Times INSURING GROWTHThe Economic Times over decades has connected with consumers at different levels while being an inherent part of the India growth story. We do ac-knowledge that as the country grows along with its diversified assets, there will be a strong need of not just protecting these assets but instill a pro-cess of resurfacing without losses. In this respect, insuring people, resources and assets will become a crucial tool. With this in purview, the Econom-ic Times is organizing the 2nd Annual Economic Times Insurance Summit which will bring together leaders from insurance industry to contemplate on relevant topics like policy & regulatory chang-es, insurance in financial inclusion, technology and consumer awareness strategies.

09.30 -10.00 Registration & Refreshments

10.00 - 10.30 Chief Guest Address: Insuring India: Insuring GrowthJayant Sinha, Minister of State, Ministry of Finance

10.30 - 11.15International Case Study: Comparison of markets and best practices - setting benchmark with the international practicesSuggested Countries: Malaysia/China/Singapore

11.15 - 11.30 Tea/Coffee & Networking

11.30 - 12:45

Panel Discussion 1: Snapshot: Trends & future outlook for the Insurance IndustryRajiv Mehrishi, Secretary, Ministry of FinanceNilesh Sathe, Member (Life), IRDA V R Iyer, Member (Non-Life), IRDAD D Singh, Member (Distribution), IRDARepresentative of International Insurance CompanyModerator: Mayur Shetty, Banking Editor, Times of India

12.45 - 13.45 Lunch & Networking

Track A - Life Insurance Track B - General Insurance

13.45 - 15.15

Panel Discussion: Life Insurance: Challenges and scope as the market growsS K Roy, Chairman, Life Insurance Corporation of IndiaSandeep Ghosh, CEO, Bharti AXA Life Insurance Rajesh Sud, MD & CEO, Max Life Insurance Tarun Chugh, MD & CEO, PNB Met Life India InsuranceSandeep Bakhshi, CEO , ICICI Prudential Life Insurance Anup Rau, CEO & ED, Reliance Life InsuranceArjit Basu, MD & CEO, SBI Life Insurance Trevor Bull, MD & CEO, Aviva Life InsuranceModerator

Panel Discussion: General Insurance: Challenges and scope as the market grows Tapan Singhel, MD & CEO, Bajaj Allianz General InsuranceRakesh Jain, CEO, Reliance General InsuranceK K Mishra, MD & CEO, Tata AIG General InsuranceBhaskar J Sarma, MD & CEO, SBI General InsuranceRitesh Kumar, MD & CEO, HDFC ERGO General InsuranceN S R Chandraprasad , CMD, National InsuranceMilind A Kharat, CMD, United India InsuranceModerator

15.15 - 15.30 Tea/Coffee & networking Tea/Coffee & networking

15.30 - 17:00

Panel Discussion: Building the industry - Role of Channels in shaping the industry Kshitij Jain, MD & CEO, Exide Life InsuranceJohn Holden, MD & CEO, Canara HSBC Oriental Bank of Commerce Life InsuranceK S Gopalakrishnan, MD & CEO, AEGON Religare Life Insurance Amitabh Chaudhry, MD & CEO, HDFC Standard Life Insurance Anuj Agarwal , MD & CEO, Bajaj Allianz Life InsuranceVishaka R M , MD & CEO, IndiaFirst Life InsuranceNaveen Tahilyani, CEO, Tata AIA Life InsuranceModerator

Panel Discussion: Health Insurance - The emerging sub-sector of the insurance industry G Srinivasan, CMD, The New India Assurance Bhargav Dasgupta, MD & CEO, ICICI Lombard General InsuranceV Jagannathan, CMD, Star Health and Allied InsuranceSandeep Patel, CEO, Cigna TTK Health InsuranceAshok K Roy, CMD, General Insurance Corporation of IndiaRajesh Sud, CMD, Max Bupa Health InsuranceAntony Jacob, CEO, Apollo Munich Health InsuranaceTaketoshi Nagaoka, MD, Universal Sompo General Insurance

17.00 - 17.45 Activity (TBC) Activity (TBC)

17.45 - 18.00 Close of Conference

FactsheetIndia’s INSURANCE PENETRATION fell to 3.3 per cent in FY15, compared to 3.9 per cent in FY14. Insurance penetration in 2005-06 was at 3.14 per cent

(http://www.business-standard.com/article/finance/insurance-penetration-at-a-near-10-year-low-115062401243_1.html)

Advisory Board Members

Programme Schedule

S K RoyChairman

LIC

Arjit BasuMD & CEO

SBI Life

Sandeep Bakshi CEO

ICICI Prudential Life Insurance

K K MishraMD

Tata AIG General Insurance

Yogesh Lohiya CMD

IFFCO Tokio General Insurance

A K Roy President, Insurance

Institute of India

Sushobhan Sarker Director

National Insurance Academy- Above speakers are invited / confirmed

-Above advisory members are invited / confirmed

International DelegationThis summit will have participation of leading players from the international markets in form of international delegation. Suggested countries include UK, Australia, Singapore & Malaysia

Who will attend? • Managing Director• Chief Executive Officer• Chief Financial Officer• Chief Product Officer• Chief Corporate/Legal Officer• Chief Technology Officer• Presidents• Heads – Business Development,

marketing, sales• Consultants• Capital/ Wealth Advisors• VC’s• Regulators/Policy makers• Academicians

From:• Public Sector• Insurance Companies• Advisories• Banks (Public, Private &

Scheduled)• Financial Institutes

Attend this forum to: • Understand the government’s

perspective & their vision for regulatory reforms

• Acquire summary of the current market scenario

• Meet key policymakers, industry influencers with different sustainable strategies

• Fathom the importance of liberalizing the Insurance sector

For future communicatios kindly contact

Partnership: Dharmesh Kapoor | M: +91 9619 411 502 | E: dharmesh.kapoor@timesgroup.com

Delegate: Martina Dmello | M: +91 9594976495 | E: martina.dmello@timesgroup.com

EdgeETAn Economic Times Initiative

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Product LaunchThe Economic Times Insurance Summit will gather the most senior industry leaders from the insurance, government, financial advisory and academic backgrounds and hence will be a perfect launch pad for introduction of new technologies or new products. The launch is planned with evening gala dinner amidst much fanfare and media representatives.

WhitepaperThis research paper will carry collated views of the industry and challenges that are hindering the growth of progress. The white paper will be collated with the help of knowledge partner and will carry views on topics ranging from future trends, financing models, market prices and control regulations, public-private partnership, technological innovations and consumer awareness. This whitepaper will be distributed to senior government leaders and industry stakeholders.