GIC Re, New India Assurance need enhanced supervision
Posted On: Sep. 28, 2020 8:59 AM CST
India’s insurance regulator has named three public insurers that are "too big or too important to fail" and which will require enhanced regulatory supervision and a higher level of corporate governance, Indian Express reported. These insurers include New India Assurance Co. Ltd., General Insurance Corporation of India Ltd. and Life Insurance Corporation of India.