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India: Demand for financial liability insurance increases

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Businesses in India are increasingly seeking financial liability insurance amid higher level of compliance norms, Business Standard reported.

In recent times, demand for products such as professional liability, directors and officers' liability insurance and errors and omission, among others, has gone up.

Amaranath Ananthanarayanan, chief executive of Bharti Axa General Insurance Co. Ltd., said "we hope this segment to grow over 30% per annum going ahead."

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