insurance firms in India are planning to increase their headcount, reports suggest.
For instance, Zurich Insurance Group AG plans to hire 600 people over the next three years, The Economic Times reports. The areas in focus include digital development, commercial insurance underwriting and distribution, and product and proposition development.
The company recently acquired a majority stake in Kotak Mahindra Bank’s general insurance unit.
Bandhan Life plans to recruit 1,000 new employees as part of its five-year strategy, says another report by The Times of India The company plans to invest heavily in technology and data-driven processes. Shriram General Insurance also plans to hire 700 people, the majority of which will be focused on marketing roles, according to businessline.
India provides the strongest route of growth for insurance among emerging markets with opportunities to grow in areas such as commercial, small and medium enterprise, assurance, auto, and general insurance, says Tulsi Naidu, CEO - Asia Pacific at Zurich Insurance.
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