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Inflation, economic uncertainty may push up reinsurance premiums

Posted On: Feb. 28, 2023 9:53 AM CST

Market conditions

Inflation and economic uncertainties are expected to push reinsurance premiums for insurers in India by up to 15% at the upcoming renewal of insurance contracts in March, Times Now reported citing ET Now. Meanwhile, property insurance sector is likely to see reinsurance premiums rise by as much as 30%. Negotiations at this year's renewals are going hard as reinsurance rates have climbed globally.