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Company Directory - The Oriental Insurance Company

Company Details - The Oriental Insurance Company

The Oriental Insurance Company Logo

The Oriental Insurance Company

Website

New Delhi, India

The Oriental Insurance Company is a public sector general insurer based in India. It offers a broad range of insurance products including motor, health, travel, and property insurance. The company plays a significant role in providing insurance services across the nation.

CCI Score

CCI Score: The Oriental Insurance Company

-5.91

0.01%

Latest Event

State-Driven Recapitalization and Merger Sparks Concerns Over Economic Centralization

The Cabinet's approval of a ₹12,450 crore capital infusion for The Oriental Insurance Company, along with plans to merge it with other state-run insurers, raises concerns over the consolidation of economic power. While intended to improve solvency and efficiency, such centralization could potentially enhance state control over economic sectors, which anti-fascist perspectives warn may facilitate undue political influence and authoritarian practices.

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COLLABORATOR

The Oriental Insurance Company is currently rated as a Collaborator.

-5 to -9 CCI Score
In this category, companies align with authoritarian practices mainly to avoid trouble or regulatory conflict. Their compliance is driven by self-preservation, resulting in minimal resistance even as they participate in oppressive systems.

Latest Events

  • State-Driven Recapitalization and Merger Sparks Concerns Over Economic Centralization Logo
    FEB
    01
    2020

    The Cabinet's approval of a ₹12,450 crore capital infusion for The Oriental Insurance Company, along with plans to merge it with other state-run insurers, raises concerns over the consolidation of economic power. While intended to improve solvency and efficiency, such centralization could potentially enhance state control over economic sectors, which anti-fascist perspectives warn may facilitate undue political influence and authoritarian practices.

  • -10

    Economic and Structural Influence

    March 24

    The recapitalization and planned merger of The Oriental Insurance Company with other state-run insurers is a move aimed at stabilizing undercapitalized entities. However, from an anti-fascist perspective, such consolidation centralizes economic power within a few state-controlled entities. This increased centralization could potentially be exploited to exert greater political and economic influence, aligning with concerns that state-backed monopolies can be co-opted into authoritarian agendas over time.

    Cabinet okays ₹12,450 crore recap of the Oriental Insurance Company, the National Insurance Company and the United India Insurance Company

Industries

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Direct Life Insurance Carriers
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Direct Property and Casualty Insurance Carriers
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Insurance Agencies and Brokerages