A double-digit growth of 15-17% sustainable for insurance companies, says Moody’s

Mohammed Ali Londe, a Dubai-based credit analyst at Moody’s Investors Service, shared his outlook on the insurance sector.

Talking about the key drivers for the life as well as non-life insurance companies, he said, "For non-life it would be widening of health insurance, which would help penetration".

"In terms of life market, there is no one single driver that would be a game changer. However, as economy expands and there is more insurable wealth and more employment, automatically access and willingness from the people to use life insurance and savings as way of securing their future becomes a significant tool," Londe told CNBC-TV18 on Wednesday.