News From Press Fire, engineering insurance premiums likely to move up by 60% in 2025

Fire, engineering insurance premiums likely to move up by 60% in 2025

Source: BS Dec 31, 2024

In 2025, Indian firms may face higher premiums for fire and engineering insurance covers as reinsurers are likely to revise rates due to rising claims from catastrophic events and higher loss ratios, according to people in the know.

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