C-Suite: India's foreign investor ownership controls

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Seven years after the proposal was first muted, India has finally raised the foreign direct investment cap to 49%; a lawyer investigates how the ownership and control systems will work.

India’s insurance sector remains very under-developed. The general insurance penetration is 0.8% and life insurance is 3.1% of GDP – figures which are among the lowest in the world. The sector

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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