trending Market Intelligence /marketintelligence/en/news-insights/trending/rym4zov1fshqqalompyu3g2 content esgSubNav
In This List

Report: IRDAI favors 100% foreign ownership in Indian insurance intermediaries

Blog

The Big Picture 2022 Insurance Industry Outlook

Podcast

Next in Tech | Episode 37: Insurance impacts on technology and vice versa

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


Report: IRDAI favors 100% foreign ownership in Indian insurance intermediaries

The Insurance Regulatory and Development Authority of India favors allowing 100% foreign ownership in the country's insurance intermediaries, the Press Trust of India reported, citing sources.

The government is evaluating whether to allow 100% foreign ownership in insurance brokers. IRDAI is of the view that the increase in ownership should be extended to insurance intermediaries, such as aggregators and third party administrators.

The government currently caps foreign ownership in the insurance sector at 49%.