Competition, RBC reform may drive Indian insurer M&A
A shift to a risk-based capital regime and an expected wave of consolidation in India's insurance industry are likely to enhance the sector's appeal to foreign investors, say experts.
Fierce competition and potential regulatory change could trigger consolidation among Indian insurers while simultaneously making the sector more appealing to foreign investors, industry experts believe.
As it stands, India has 24 life insurers, 33 general insurers and two re-insurers, data from the country's Insurance Regulatory and Development Authority (IRDAI) shows.
And a government pledge in the last Budget to merge National Insurance Company, United India Insurance Company …
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.