Monday, June 18, 2012

Insurance Industry who is coming? Who is going?

Insurance Industry who is coming? Who is going?

Every year we see developments in which:
·         New Insurance companies enter the Indian Market.
·         Some of the existing partners in an insurance company decide to exit as a result of which new investor or shareholder comes in and consequently there can be change in name of the company.

Let us look at the names of new entrants/ names:
Life
·         Edelweiss Tokio Life Insurance Co. Ltd. has entered.
         General
·         Magma HDI General Insurance Company Limited has entered
·         Liberty Videocon General Insurance Company Limited has entered
          Health
 ·         Religare Health Insurance Company Limited has entered
                                                
Change in partners have happened in the recent months 
Company
Who is gone/going
Who has come/ is coming
Max New York
New York Life USA
Mitsui Japan
Metlife
J & K Bank
Punjab National Bank
Reliance General
Entry of a foreign partner
Intact Insurance Co./ HDI-Gerling International Holding AG.
Future Generali
Kishore Biyani Group
Indian partner is planning to exit
Tata AIG General
AIG has gone
AIA has come
Tata AIG Life
AIG has gone
AIA has come

 Let us wait and watch.

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