The three big events of 2017 that will define the year for the insurance sector are: listing of insurance companies, new commission rules for sellers and consumer protection regulations. Here are the details on what happened in this space and what it means for you.
Benefits of listing
ICICI Prudential Life Insurance Co. Ltd went public last year, leading the line of firms that went to the stock market this year. Year 2017 saw insurers, both in life and non-life sectors, tapping the markets. Two life insurance companies—SBI Life Insurance Co. Ltd and HDFC Standard Life Insurance Co. Ltd—and three non-life companies—ICICI Lombard General Insurance Company of India, The New India Assurance Co. Ltd and reinsurer General Insurance Corporation of India—went public this year. Reliance General Insurance Co. Ltd is expected to go public within this financial year.
