News Non-Life13 Jul 2018

India:Private non-life insurers could need capital increase of at least US$176m

13 Jul 2018

Private sector general insurers would require additional capital ranging from INR12bn ($176m) to INR30bn in the financial year ending 31 March 2019 (FY2019), in order to maintain their current growth rate of 17-20% (on a modest profitability base), says ICRA, an investment Information and credit rating agency.

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