“The insurance sector was opened up in 2000. Even 18 years after, the industry has not recorded decent growth or penetrated deep, despite the big potential. A major reason was too much of regulation as in several other aspects of governance,” said R Thyagarajan (RT), Founder-Chairman of the Shriram Group.
The life insurer appears to be the government’s preferred white knight. LIC is exposed to a massive chunk of the system’s bad assets. If this doesn’t make it a choice for Asset Reconstruction Company, what will? The spurt of controversial moves continues unabated. In a new tale, the country’s largest insurer,
This second largest general insurance company has strong credentials to get the other two public sector GI companies merged with this. The 14-storey new building under construction is ready for this! Public sector General insurance companies have been bleeding due to continuing adverse claim ratios and intense competition resulting in rate