The biggest event of 2016 in the life insurance industry was the listing of ICICI Prudential Life Insurance Co. Ltd. This is the first insurer in India to go public. Listing brings better disclosures and recognising this, the Insurance Regulatory and Development Authority of India (Irdai) in August suggested that all insurers should get listed after a period of time. It also suggested that in the run-up to listing, insurers should ensure that the level of disclosure in public domain is brought up to the level of listed entities.
India will be superpower by 2047, but not high-income economy: Martin Wolf
Read More
