India opens insurance intermediary sector to foreign brokers
Posted On: Sep. 2, 2019 6:25 AM CSTIndia has opened up its insurance intermediary market and will allow foreign insurance brokers to buy up to 100% of local intermediaries, from the current 49%, DealStreetAsia reported citing sources. U.S.-based Fitch Ratings Inc. said that the decision will drive mergers and acquisitions, boost competition and bring in new products and technology in the Indian insurance intermediary sector.