News From Press Insurers see adverse impact of Covid-19 claims on their loss ratio

Insurers see adverse impact of Covid-19 claims on their loss ratio

Indian insurers had not factored in the impact of Covid claims while underwriting their products

Business Standard May 4, 2021

A year has passed since the Covid pandemic hit India. Since then, Indian insurers, especially the non-life ones, have seen an unprecedented amount of Covid claims being reported to them. Indian insurers had not factored in the impact of Covid claims while underwriting their products.

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