Many insurance companies will bring IPO in the new year, some may be merged

In the year 2017, after the successful initial public offering (IPO) of five insurance companies, the new year is expected to knock in the primary capital market of more insurance companies. This year, five companies in the insurance sector, including two government insurance companies, raised about 45,000 crores from the market.

Apart from flooding of IPO in 2018, the mergers and acquisitions of companies in the insurance sector can also be seen. This year, HDFC Standard Life Insurance's offer to merge with Max Life and Max Financial Services was hanging, which could be completed in the new year.

Tapan Singhal, CEO of Bajaj Allianz General Assurance Company told PTI that in the recent times some integration has started in the insurance sector. It is expected to continue even further. He said that the speed that is showing in the insurance industry is expected to remain in the coming years. This provides more opportunities for integration because some promoters can shake off non-core business and reputed major insurance companies want to leverage the market.

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In order to raise the capital, ICICI Lombard was the first company to raise Rs 5,700 crore this year through the IPO. Insurance company GICRi tops Rs 11,176 crore, New India Assurance Company Rs 9,467 crore, HDFC Standard Life Insurance Rs 8,695 crore, SBI Life Insurance Company raises Rs 8,386 crore In other government insurance companies, the National Insurance Company, the Oriental Insurance Company and the United India Insurance Company are also preparing to move to the capital market.Read more about saving plans - saving plan for women.