Business Insurance will be back online in October. Please check back then to subscribe/register.

All existing subscriptions will be honored. Contact with any questions.


India: Industrial accident insurance premiums remain soft despite rising claims

Comments Email Reprints

India has seen at least five big industrial accidents since August 2013, Business Standard reported.

Despite the rise in number of claims, premiums have remained soft because of the competitive market.

Bharti AXA General Insurance Co. Ltd. CEO Amarnath Ananthanarayanan said "rates are holding up, since there has not been any major natural catastrophe related event where the losses are very high."

Annual losses in the industrial risk segment, on an average, have been between 800 million Indian rupees and INR 1 billion ($13.3 million and $16.6 million).

Read more

More from BI