Declined risk pool aims to reduce losses for India's motor sector
The Insurance Regulatory and Development Authority's decision to implement a declined risk pool system for third-party motor insurance is likely to reduce the losses for Indian insurers, according to industry insiders.
Speaking to The Economic Times, Gopal Balachandran, chief financial officer at ICICI Lombard, said: "With a declined risk pool system, companies would be better placed to manage the risks of their
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