Inflation, economic uncertainty may push up reinsurance premiums
Posted On: Feb. 28, 2023 9:53 AM CST![Market conditions](https://bicontent.businessinsurance.com/018608e6-82e5-4142-9e66-592c5737686a.jpg)
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.