<p>India’s public sector non-life insurer United India Insurance is planning to launch its overseas operations in the coming financial year by making a foray into the fast growing Middle-East markets.<br /><br /></p>.<p> “We are looking at the Middle East market to start with. It is a growing market and its large financial sector needs to be tapped,” company’s Chairman and Managing Director G Srinivasan told Deccan Herald over phone from Chennai.<br /><br /> Middle East is one of the world’s fastest growing markets in the banking and capital markets sector. It is also an important region for the company for its vast non-resident Indian population which can be the main driver for this growth.<br /><br />According to Srinivasan, the NRI population will now be able to closely understand the benefits of its wide ranging products catering to their protection, saving, investment, housing and other needs.<br /><br />Srinivasan said the company’s next target will be Africa and East Asian countries of Indonesia and Vietnam which have vast potential.<br /><br />Srinivasan said that the company is also ready to be listed on Indian bourses and waiting to hear from the government.<br /><br />“The government has to take a call. We are fully prepared to be list our shares on Indian bourses. Let us see when it happens,” he said.</p>
<p>India’s public sector non-life insurer United India Insurance is planning to launch its overseas operations in the coming financial year by making a foray into the fast growing Middle-East markets.<br /><br /></p>.<p> “We are looking at the Middle East market to start with. It is a growing market and its large financial sector needs to be tapped,” company’s Chairman and Managing Director G Srinivasan told Deccan Herald over phone from Chennai.<br /><br /> Middle East is one of the world’s fastest growing markets in the banking and capital markets sector. It is also an important region for the company for its vast non-resident Indian population which can be the main driver for this growth.<br /><br />According to Srinivasan, the NRI population will now be able to closely understand the benefits of its wide ranging products catering to their protection, saving, investment, housing and other needs.<br /><br />Srinivasan said the company’s next target will be Africa and East Asian countries of Indonesia and Vietnam which have vast potential.<br /><br />Srinivasan said that the company is also ready to be listed on Indian bourses and waiting to hear from the government.<br /><br />“The government has to take a call. We are fully prepared to be list our shares on Indian bourses. Let us see when it happens,” he said.</p>
