Negative outlook for India’s non-life insurance sector maintained by Best

Credit: iStock/Harvepino

Strong competition in India’s non-life insurance sector, together with poor pricing discipline in core business lines, reliance on investment activities for profitability and the economic fallout from the Covid-19 pandemic, have led AM Best to maintain a negative market segment outlook on the sector. Best said the short term is likely to present clear challenges for non-life insurers’ earnings and…

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