Why's the insurance industry largely silent on 100% FDI demand?

He said the industry should nevertheless have this conversation with the policy makers on allowing 100 per cent FDI. According to him, one of the challenges for the global insurers is to find a suitable local partner. "With over 60 insurers between life and general insurance and a large number of them joint ventures, there is really an acute shortage of local partners, who either have the ability or the inclination to get into this space," Rau said.

from Banking/Finance-Industry-Economic Times https://ift.tt/DxCr0j6