INSURANCE COMPANIES WENT PUBLIC IN 2017
IPO Initial public offering, As the name suggests any private company went to public by selling of stock for the first time to general public. Before going to public only few people can invest in the share like founder and its family members , venture capitalists and angel investors but after announcing it to go for public(IPO), people who are interested can buy the shares. Insurance companies went public this year: Two life insurance companies: SBI life insurance Co .Ltd HDFC Standard life insurance Co.Ltd Three non-life insurance companies: ICICI Lombard general insurance company of India The New India Assurance Company Reinsurer General Insurance Corporation of India IPO give the industry a lot of visibility. It provides a greater level of transparency, governance and compliance Which is good for industry. Greater transparency and accountability due to listing are long term positives for policy holder in India.