Four Countries with High Insurance Penetrations and The Lessons We May Learn (Part II)

Abstract

The objective of this paper is to study the critical success factors contributing to high insurance penetration levels in four countries viz. Taiwan, South Korea, South Africa and UK. In January 2019 issue, discussion on Taiwan and South Korea and the major players in these two markets namely Fubon Life and Samsung Life were covered.
Part II of this article will include detailed analysis of the remaining two countries and its major firms - South Africa (Old Mutual Life Ass urance Society) and UK (Aviva PLC). The last section of the article brings out the lessons that may be learnt in the Indian context.