South Korean insurance giants mull India entry

South Korean firms Samsung Fire & Marine Insurance, Mirae Asset Financial Group and Hyundai Marine & Fire Insurance ​Co are in exploratory talks about entering India’s $130 billion insurance market, three Indian sources ‌said.The interest comes as India has opened up its insurance sector to ​full foreign ownership and follows a surge of large cross-border deals in the financial sector.Korean firms have actively invested in a number of sectors in India, most notably automobiles and electronics. Last year, Hy ...