The Editorial Team of ‘The Insurance Times’ wishes a very very Happy New Year, 2018 to all its readers, subscribers, advertisers, authors, and all the vendors associated with the publication.
We have pleasure to announce that we have already completed the 37th year of successful uninterrupted publication since January 1981 with the publication of the December 2017 issue. We feel honored and satisfied that during the 37th year of regular publication we have already published 444 issues month wise apart from certain special issues from time to time.
Our Publication has also seen the long journey of 37th years of nationalized as well as private era of the Insurance sector since 1999- 2000 when the Malhotra committee was constituted, wherein I chief Editor Sri R.G. Agarwala represented the consumer side for the improvement of the Insurance industry.
Since 2000 when IRDA was formed under Chairmanship of Sri N Rangachari we advised the IRDA as well as the Insurance Industry be it life Insurance or Non Life Insurance, the need and requirements of the consumers of Insurance as well as Insurance professionals and I am happy to assert that most of our advices/recommendations were not only considered but also implemented into the working of the Insurance Industry.
During 2017 few Insurers like ICICI Lombard, New India and GIC Re have already brought their IPO’s and few more Insurance Companies are in the pipelines to bring their IPO in the market. The Government is encouraging IPO’s of the Insurance Companies to ensure their better performance in the public domain.
The present regulator Sri Vijayan is going to retire in February 2018 and the government is in the process of finding a new incumbent in his place. For selection of the right person the government should try to select a person who has an insurance background who understands the needs of the industry. Any person from the IAS cadre may not be well conversant about the problems the insurance industry is facing. Also the person must be keen to put extensive effort for growth of the industry based on his experience and expertise.
