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via rediff.comBusiness & Companies

Floods and calamity losses add to Indian insurers' underwriting woes

FROM THE WIRE · REDIFF.COM

Indian general insurers are facing significant underwriting pressure due to increased claims from natural catastrophes, particularly floods, leading to higher combined ratios and widening underwriting losses for major players like New India Assurance, ICICI Lombard, and Bajaj…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHigher catastrophe claims weigh on underwriting results of major Indian general insurers.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Indian general insurers face significant underwriting pressure.
  2. 02Floods have increased claims, pushing up combined ratios and widening underwriting losses.
  3. 03New India Assurance, ICICI Lombard and Bajaj General Insurance are named.

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