Gujarat floods have triggered substantial insurance claims, prompting a review of pricing. Insurers are now pushing for more disciplined pricing on large industrial risks. This reassessment follows expected flood-related claims exceeding five thousand crore rupees industry-wide. The Gujarat losses increase the case for location-based catastrophe exposure pricing. Global reinsurers’ stance will largely determine the extent of this pricing correction.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.