There are currently 26 general insurers in India, with the General Insurance Corporation serving as the only reinsurer. (Credit: marcyano79/Adobe Stock)

Major insurance reform is in the works for India with the Insurance Amendment Bill, which is on the agenda for the winter session of Parliament. If passed, the bill would bump the foreign direct investment (FDI) ceiling for insurance companies from 74% to 100%, the Times of India reports.

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].

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