, India
Stock photo. Credits to Unsplash.

IRDAI to push government to allow insurers to invest in unlisted companies

The move could unlock new funding avenues for startups in the country.

The Insurance Regulatory and Development Authority of India (IRDAI) is urging the government to allow insurers to invest in unlisted companies.

ALSO READ: Higher insurance claims lead to underwriting pressure for APAC reinsurers

Under the proposal, insurers may be allowed to buy over 10% of unlisted without approval from the regulator, according to a report by Reuters citing sources.

Currently, IRDAI does not allow insurers to invest in unlisted entities without its permission.

The move could potentially unlock new funding avenues for startups in India.

Follow the link for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Why embedded insurance is a must-have
An estimated 16% of Asian insurers’ revenues are now derived from embedded insurance.
To lead and to lag: APAC insurance’s conflicted AI journey in 2024
Whilst AI investments reached 23.93% of the total market, 41% of firms in Asia Pacific cling to outdated tech, hindering efficiency and scalability.
Insurance rides high on surge in Hong Kong travellers
CEO Jim Qin of Zurich Insurance cites a trend for extended vacations among Hongkongers in 2023, boosting travel insurance sales.