Business Standard

Friday, December 27, 2024 | 11:33 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Regulatory changes may bring new dawn for insurers: BFSI Summit panelists

Globally, insurance is moving to a risk management and a risk service business. India also has to do the same

(L to R) Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance Company;  Rakesh  Jain, ED & CEO,  Reliance General Insurance; Ritesh Kumar, MD & CEO, HDFC Ergo; Anup Rau, MD & CEO, Future General India Insurance Company (Photo: Kamlesh Pednekar
Premium

(L to R) Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance Company; Rakesh Jain, ED & CEO, Reliance General Insurance; Ritesh Kumar, MD & CEO, HDFC Ergo; Anup Rau, MD & CEO, Future General India Insurance Company (Photo: Kamlesh Pednekar

Subrata Panda
The regulatory changes brought in by the insurance regulator and the amendments proposed to the Insurance Act by the Centre may herald a new dawn for the sector in India. This may result in insurers bringing out more consumer-led products, top honchos of general insurance companies of the country concurred at the Business Standard BFSI Insight Summit 2022.

“For the first time in 20 years, we are seeing a lot of initiatives from the Centre and the regulator in terms of addressing the need gap. This, we believe, is a huge positive in the long-term perspective. The entire approach to

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in