Indian insurers asked to stop undercutting to save market
The Indian finance ministry is believed to have asked general insurance companies to stop under-pricing risks to get volume business and to return to pre-detariff prices to boost poor combined ratios.
According to reports in Business Standard the finance ministry wants to tackle ratios of 120% that followed de-tariffication in 2008 and led to fierce price wars.
However, the move could see a
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