Reinsurance rates stay flat in India
Monday, 05 08 2017, Category: Insurance and Reinsurance, Country: India
Reinsurance rates have been flat during this fiscal year as revealed by renewals of treaties which took place from April 1. Reinsurance, which refers to risk support taken by insurance companies, depends on the claims received in the previous year in that particular segment.
G Srinivasan, Chairman and Managing Director, New India Assurance said that except marine hull where there was a large claim in FY17, rates for other reinsurance contracts have been flat.
Source: Money Control