Indian insurers may have to tackle pricey reinsurance amidst global crises

Impact of global hardening of rates on India difficult to predict, say analysts

Subrata Panda | Mumbai
Last Updated at January 26, 2023 23:08 IST

The key factors behind rates hardening in the retro market include heightened catastrophe losses and high inflation

The Indian insurance market in April is likely to feel the heat of higher reinsurance rates that have shot up globally due to adverse weather events, the war in Ukraine and macroeconomic shocks, said experts tracking the trend.

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