Sam Ghosh, manager of Allianz's Indian operation, thinks that foreign-linked insurers will have no more than 15% of the market after five years.

ECONOMIST: Premium market

"There has to be progress on the political dialogue, there has to be progress on terrorism and there has to be progress on trade and co-operation and the three have to be linked, " Mr Patten said for his part.

BBC: EU talks human rights with Iran