Nearly 200 years after its birth, India’s insurance industry is opening up to the stock market
The 200-year-old Indian insurance industry is coming of age, finally, as a clutch of firms prepares to list on the country’s bourses. Out of the 24 life insurance, 31 general insurance, and two re-insurance companies in India, only one is listed on the stock exchanges. However, this year, a spate of initial public offerings (IPO)…