Increase in the number of senior-level exits has come as a fresh blow to life insurance companies

Insurance is a long-term business, but being the chief executive officer of an insurance company is not, at least in India. The rate of churn at the top level in life insurance companies is leading to questions whether the industry is headed in the direction that an economy may require it to. Probably, impatient shareholders are pressuring executives to deliver returns in an extremely competitive market. Frequent changes in regulation may be adding to the woes. At least 10 companies have seen three chief executives in the past eight years. It includes ICICI Prudential , Bajaj Allianz and Aviva Life.

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