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Mohan Lunawat
Yes, health insurance sector is witnessing phenomenal growth in India. With exceptional and unprecedented increase in premium ,insurers also face challenges to contain the surge in claims ratios. There are areas which warrant plugging the loopholes and sooner the sanity in underwriting returns, it would augur well across.
25 April 2017
“For the last 10 years, rates in the region have been on the decline across various commercial and specialty lines including aviation and energy. Throw into the mix the rising costs of intermediation and compliance, and all these factors have combined to undermine regional P&Ls and are proving to be challenging for non-life insurers. This is the new reality in Asia”
- Mr Marc Breuil, Regional President Asia, Berkshire Hathaway Specialty Insurance