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    Insurance Companies to start publishing the financial data
Large number of insurance clients ask us from time to time about the financial health of different companies : As none of the company is listed on the stock ecxchange therefote it was not possible for a common man to find ourt which company is financially strong .The good time is coming as the Insurance regulator IRDA will make it mandatory for all insurers to disclose their financial statements to the public, even if they are not planning to get listed on stock exchanges.
Disclosures will apply to both public and private insurers,” IRDA chairman J Hari Narayan recently said. in Hyderabad.
The proposed move will bring in transparency and enable policyholders to gauge the financial strength of insurance firms. It will also help potential investors assess the strength of a company that plans to launch an initial public offering (IPO).
Currently, insurers furnish quarterly statements to IRDA, but this is not in public domain. Most life insurance companies are yet to start making profits, a fact that many policyholders may not be aware of in the absence of financial statements.
commission and expense ratios.
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