International insurers are set to enter Indian market

Professional Adviser
clock

New legislation in India is set to allow foreign insurers to enter both the life and general insuranc...

New legislation in India is set to allow foreign insurers to enter both the life and general insurance markets. At present both life and general insurance in India are monopolised by two nationalised companies, Life Insurance Company of India and General Insurance Company of India. The bill, now passed by both houses of parliament in India, will allow foreigners to own 26% in Indian insurance companies. A number of companies including Standard Life, Royal & Sun Alliance and Commercial Union have been eagerly awaiting the legislation, whose passage has been thwarted a number of times in re...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •