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Country Profile – India: India’s economic growth augurs well for non-life insurers

Source: Asia Insurance Review | Jan 2012

The Indian general insurance industry is operating on wafer-thin margins as a result of cut-throat competition, which has given rise to indiscriminate pricing leading to worsening underwriting losses. We speak to a number of CEOs of the challenges that detariffing has brought about in the industry and the way forward for the sector.

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