Reinsurers reduce exposure to crop insurance plan

Global reinsurers have reduced their exposure to the Indian government's crop insurance plan, Asia Insurance Review reported citing Moneycontrol. A senior industry official said that without foreign reinsurance support, Indian reinsurers will not be able to sustain the plan launched last year. The targeted coverage under the plan has been increased to 40% of cropped area in the fiscal year ending March 31, 2018.

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