Indian insurers hit by staff shortages, losses amid merger delay
Oriental Insurance | February 12, 2019
Due to the delays in merging three major state-owned general insurers in India, the firms have suffered huge financial losses and mounting job vacancies. The three firms set to be merged National Insurance, United India Insurance and Oriental Insurance have around 600 to 900 officer posts and around 12,000 rank-and-file positions vacant, the Business Standard reported. Additionally, the finances of the firms have been affected, with the first two having lost significant market share.