Insurers will need to adapt to the insurance regulator’s proposals or risk staring at obsolescence. With running costs already at 6-28% of premium value, it will take a major rejig to achieve a 12.5% expense ratio while absorbing servicing costs.
Read more at livemint.com
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.