Irdai Invites American Insurance Companies To Invest
Irdai invites American insurance companies to invest, said- Immense opportunities for investment in India.
The Insurance Regulatory and Development Authority of India (Irdai) has invited US-based insurance companies to invest in the domestic market.
Irdai (Insurance Regulatory and Development Authority of India, Irdai) says that the Government of India, along with the liberal policy regime, provides tremendous opportunities for companies to flourish.
Irdai invites American insurance companies to invest: Irdai President Debashish Panda said that Indo-US economic partnerships in the insurance sector will also be strengthened.
Debashish Panda said that the policies of the Government of India have rationalized the management of expenses of companies and left the responsibility of determining how and where they want to spend.
We don’t want to put any limit on everything like commission, reward payment, or salary. We have left it to the boards of companies.
Debashish Panda said that if you look at private Indian insurance companies, you find that they have a higher average return on equity (ROE) than American insurance companies.
In such a situation, there is tremendous potential for American companies to come and invest in India.
He said that the average ROE (Return on Equity, ROE) of Indian private sector insurance companies is 23 percent, while that of American companies is 13 percent.
Debashish Panda said that even if we look at the risks, this number will be about 500-600 bps higher than that of US insurance companies.
Elaborating on the number of US insurers in Asian countries out of 50 major companies.
The IRDAI Chairman said that there are 14 US insurance companies in China, 14 in Singapore, 13 in Hong Kong, 10 in Indonesia, and 50 in Malaysia and Thailand. There are 9-9 companies.
Oil prices may increase in the international market; Signs are coming from the trend, what are the reasons for this?
Amidst the rapidly changing global scenario, the oil prices in the international market have remained bullish.
According to the report of a news agency, an increase in oil prices was seen in the Asian market.
US crude futures rose 34 cents to $95.23 a barrel in early trade on Wednesday, while Brent crude futures were up 51 cents to $101.73 a barrel.
On Wednesday, both the benchmark contracts of crude oil reached a three-week high.
