London’s insurance giant Lloyd has received the final approval from the Insurance Regulatory and Development Authority (IRDA) to set up its first branch in India.The specialist insurance and reinsurance company would open its first branch office in India before April 2017 and will be located at Mumbai.
Lloyd’s will bring expertise and specialist capacity to India’s insurance market and work in partnership with local insurance businesses to develop innovative solutions that meet the unique needs of the growing economy.
So, let’s discuss some questions related to this post:
Q1. Name the insurance company, which gets the the final approval from the IRDA,recently?