New Delhi, Dec. 23 -- The new amendments to India's insurance laws are expected to trigger a fresh round of consolidation and deal-making in the sector, alongside new capital inflows following the government's decision to allow 100 percent foreign direct investment (FDI) in insurance companies.

The proposed legislation seeks to widen consolidation avenues by allowing insurance companies to amalgamate with non-insurance entities under schemes approved by the Insurance Regulatory and Development Authority of India (IRDAI).

Broader M&A Options for Insurers

Legal experts said the amendments could materially alter the merger and acquisition landscape for the insurance sector.

JSA Partner Shivangi Sharma Talwar noted they may allow insurers...