Insurance regulator mulls segmented balance sheets

The regulator's concern is that current premiums in group health segment are not justified

The insurance regulator is considering asking companies for segmental reporting of balance sheets, in order to see loss and profit, expenses, and others for each category separately, especially for segments like group health, where insurance companies are facing losses. 

Speaking to reporters on the sidelines of a seminar organised by the Insurance Brokers Association of India, T S Vijayan, chairman, Insurance Regulatory and Development Authority of India, said, "Many insurance companies chase top line and group insurance products in one segment that immediately adds to the revenue. But in such cases, the companies don't show profit and this is a cause