“Through 2030, we expect to continue to grow at the same compound annual growth rate, fueled by India's accelerating economy, rising insurance adoption and Tata AIG's market-leading brand and reputation.”

In context

“erates 30 companies in over 100 countries across diverse industries. Its 26 publicly listed enterprises have a combined market cap of $365 billion with over 1 million employees. Over the last decade, Tata Group has been consistently ranked as one of India's most valuable brands. Tata AIG is highly respected and is ranked as the #2 private insurer in the commercial insurance and motor insurance sectors. It serves 27 million customers with 8,500 employees and leverages 85,000 captive agents operating across the country. Tata AIG had $2.1 billion of gross premiums written in 2024 and its mix of business is approximately 75% personal insurance and 25% commercial insurance. Tata AIG is a high-growth business. From 2020 to 2025, we had a compound annual growth rate of 20%, outpacing the market. Through 2030, we expect to continue to grow at the same compound annual growth rate, fueled by India's accelerating economy, rising insurance adoption and Tata AIG's market-leading brand and reputation. The business has exceptional technology and data capabilities that enabled it to scale rapidly and support the continued ambition for accelerated growth. Tata AIG's products and services are digital-first with clients and agents enabled by technology at every stage of the value chain, providing a complete digital customer experience, which is what clients in India expect. Additionally, Tata AIG benefits from access to AIG's multinational network with AIG supporting the joint venture's domestic multinational corporate clients. In close partnership with Tata Group, we're prepared to significantly invest in growth organically and possibly inorganically, should opportunities present themselves. And I expect this business to continue to scale faster than any other geography in our portfolio. T”