TITLE

News - India: GIC lowers reinsurance capacities

PUB. DATE
May 2011
SOURCE
Asia Insurance Review;May2011, p42
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that General Insurance Corp. (GIC) of India has lowered its reinsurance capacities. It states that it has offered 50 percent lowered capacities in some cases, fearing higher claims from government-owned non-life insurance companies suffering from underwriting losses. It highlights that apart from this GIC has cut commission and placed strict underwriting conditions on renewals.
ACCESSION #
67503586

 

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