Consolidation, listing new normal for insurance industry

The consolidation phase in insurance that started with HDFC Ergo acquiring private player L&T General Insurance is expected to continue in the new year, apart from more FDI inflows and perhaps a few more companies hitting the stock market. Four public general insurance companies — New India Assurance Company, National Insurance Company, Oriental Insurance Co… Read More Consolidation, listing new normal for insurance industry

Will online discounts on general insurance products make them more accessible?

To promote cashless transactions and incentivise people to make digital payments, the government recently announced several measures. One can, for instance, buy life and general insurance products from the websites of public sector companies on a discount. The announcement says: “Public sector insurance companies will provide incentive, by way of a discount or credit, of… Read More Will online discounts on general insurance products make them more accessible?

With government support, insurance sector makes a good show in 2016

The year 2016 would go down in the annals of the Indian insurance industry history as the one in which the central government was the driving force in increasing non-life insurance penetration and awareness with various schemes, experts said. The year also saw an acquisitive HDFC group with its non-life company HDFC Ergo General Insurance… Read More With government support, insurance sector makes a good show in 2016