The regulatory changes brought in by the insurance regulator and the amendments proposed to the Insurance Act by the Centre may herald a new dawn for the sector in India. This may result in insurers bringing out more consumer-led products, top honchos of general insurance companies of the country concurred at the Business Standard BFSI Insight Summit 2022.
“For the first time in 20 years, we are seeing a lot of initiatives from the Centre and the regulator in terms of addressing the need gap. This, we believe, is a huge positive in the long-term perspective. The entire approach to