Tag: state-owned
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FinMin Revisits Merger Plans for State-Owned General Insurance Firms
Finance Ministry Reconsiders Merger of State-Owned General Insurance Companies The Finance Ministry is revisiting a long-discussed plan to merge the country’s three state-owned general insurance companies into a single entity. The renewed proposal follows notable improvements in the financial health and operational performance of the agencies, signaling a potential shift toward greater efficiency, scale, and…
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FinMin Renewed Push for Merger of State-Owned General Insurers to Improve Efficiency
FinMin Revisits Merger Plan for State-Owned General Insurers The Finance Ministry has renewed its proposal to merge the country’s three state-owned general insurance companies into a single entity. The move comes on the back of improved financial health within the sector, with the government signaling that a consolidated insurer could unlock greater efficiency, scale, and…