The Indian parliament is one step closer to opening its insurance market to greater foreign direct investment. In a move designed to spark
A similar measure stalled in
The government opened insurance to foreign investors more than a decade ago. As a result, the insurance market expanded from a handful of companies to nearly two dozen, including many joint ventures with foreign investors, notes
If approved, GaIIeIIo says, it would not have much impact on products for commercial risks. Insurers already have rate and form freedom for large commercial accounts. Rather, foreign insurers would have much greater opportunities in
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