Indian commercial rates expected to rise 15% following nat cats
Indian businesses are likely to see premiums rise by 15% as insurers include flood risk in policies having suffered large losses after recent natural catastrophes, it has been reported.
Premiums have gone up from 0.15% to 0.25% per thousand of the sum assured, according to The Economic Times.
"[The] weather pattern is changing every day. Flood exposure is going up," KG Krishnamoorthy
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