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India: Policy paralysis affecting growth of general insurance, says expert

December 11, 2013 - 6:00am

Government policy paralysis in India has hurt the general insurance industry significantly, Ritesh Kumar, chief executive officer of HDFC ERGO General Insurance Co. Ltd., said.

Mr. Kumar said that as no new incremental projects are near to completion, fire premiums are stagnant, The Indian Express reported. He added that although the insurer has grown 20% in 2013, the growth rate has slowed.

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