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Hopefully, the most politicised of economic issues in the history of India’s liberalisation will draw to a close soon with the passing of the IRDA Bill. The only other countries keeping India company in this respect are North Korea, Rwanda Burundi, Cuba and Myanmar.

Interview with John Brice, Representative for India, CGU General Insurance. CGU General Insurance is the largest UK-based life and general insurance group which was created in 1998 subsequent to the friendly merger of Commercial Union and General Accident. With worldwide premium of income of Rs 108,000 crore, of which 62 per cent is derived from outside UK.

Ever noticed how any technocrat spends hours going over feature by feature, setting up committees and gathering expert opinions before committing his organisation to any purchase of high technology plant and machinery? Yet, when he has to protect the very same asset he has gone to such lengths to acquire through insurance.

Other Stories

Subdued trends in Asian M&A
‘The re-insurance market may be smaller next year’
A rocky road ahead
Infrastructure
The ‘Iron Curtain’ inches up
‘TAC is changing tack’
GIC --The long road ahead
Eliminating risks --the LIC way
Factfile
‘The public sector will continue to dominate’
Asian markets after the storm

 

 

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