While the company’s business is sound, earnings could be volatile in certain years

The insurance sector has been buzzing with investor activity over the past year, as insurers — both life and non-life — have been making their debut in the primary market. General Insurance Corporation of India (GIC) is the latest to join the IPO bandwagon. GIC is the largest reinsurance company in India in terms of gross premiums in FY-17, accounting for about 60 per cent of the premiums ceded by...