100% FDI in Indian insurance
Thought leadershipIndia’s move to allow 100% FDI in insurance marks a major shift in sector liberalisation. This report explores market potential, growth drivers, deal activity and entry strategies for global insurers.
For more updates follow Grant Thornton Bharat on WhatsApp

India’s insurance industry is undergoing a transformative phase, driven by rising consumer awareness of financial protection and innovative product offerings.
Despite challenges like surging healthcare costs and regulatory uncertainties, proactive government initiatives and regulatory reforms are laying the foundation for a more inclusive, technology-enabled, and resilient insurance ecosystem.
Emerging trends signal a pivot toward sustainability, digitalisation, and personalised offerings, with the industry reimagining its role as a catalyst for socio-economic progress.
At Grant Thornton Bharat, our insurance expertise helps you navigate the complex risk landscape, driving protection and growth for your business.
Take our survey to assess the sector’s readiness for AI at scale and understand the key trends shaping the industry.

We have extensive experience within the insurance sector, equipping us with a deep understanding of market dynamics, product intricacies, and operational intricacies.
We transition from mere reporting to a value-centric approach, assisting in transforming sustainability into a viable business opportunity.
Our technology solutions enhance operational efficiency, customer experiences, and overall efficiency.
Leveraging our expertise, strong regulatory affiliations, and extensive work on regulatory frameworks and guidelines, we can assist your organisation in cultivating a culture of compliance. Through our compliance solutions, we focus on regulatory reporting reviews, regulatory compliance evaluations, and dashboard development.
Our services encompass a broad spectrum of comprehensive governance solutions, including internal audits, process assessments, development and assessment of internal control over financial reporting (ICOFR) and internal financial controls (IFC), SOX audits, standard operating procedure (SOP) development, as well as specialised risk management reviews that concentrate on enterprise risk management (ERM), model validation, risk control self-assessment (RCSA) development and assessments, and risk analytics.
Our actuarial solutions cover life insurance, non-life insurance, pensions, and investments, to support your risk management, pricing optimisation, and decision-making requirements. Our offerings encompass pricing & reserving, product & system development, modeling & valuation, IFRS 17 modelling, measurement of impairment of financial assets, regulatory filings and reporting, and validation of risk management frameworks.
Delivering finance-related services and transformative change, we specialise in enterprise performance management (EPM) solutions, encompassing planning, budgeting, and consolidation. Our expertise extends to cost optimisation services. We also provide EUC solutions, emphasising governance and remediation for a comprehensive approach.
As industries undergo significant market shifts, organisations pursuing large-scale transformations prioritise success through a transformative approach. Emphasising clear vision, integrated strategies, and value-centric execution, our transformation office provides a comprehensive framework from initial strategy development to seamless technology implementation.
We conduct forensic review of equity, derivative and debt trades on 15+ fraud parameters to identify potential cases of front running and insider trading within the investment function. For cases where triggers are identified, enhanced investigation is carried out.
We conduct advanced analytics on high-risk areas susceptible to fraud by utilising over 100+ industry-specific fraud indicators. Subsequently, deploying enhanced investigation procedures in response to triggers identified during the analytics process.
India’s move to allow 100% FDI in insurance marks a major shift in sector liberalisation. This report explores market potential, growth drivers, deal activity and entry strategies for global insurers.
Assets and liabilities form the foundation of any organisation’s financial stability. Assets - current, fixed, and intangible - are resources convertible to cash, while liabilities represent obligations owed to others.
The Q3 2025 edition of Grant Thornton Bharat’s Financial Services Dealtracker analyses key deal trends across M&A, PE, IPOs, and QIPs. It explores investor sentiment, fintech-led innovation, and regulatory signals influencing capital flows in banking, NBFCs, insurance, and asset management.

IRDAI mandates insurers and intermediaries to empanel cyber forensics experts to ensure swift response and preparedness for cyber incidents.

Amendments proposed by Department of Financial Services (DFS)


The budget announcement brought a landmark reform for the Indian insurance sector, with the government’s decision to raise the FDI in insurance to 100%.

Listed below are the regulatory updates to the insurance sector.