11.07.2015 Views

impact of de-tariffication on profitability of non-life insurers

impact of de-tariffication on profitability of non-life insurers

impact of de-tariffication on profitability of non-life insurers

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DE-TARIFF REGIME – INDUSTRY SCENARIO‣ Rates are still s<str<strong>on</strong>g>of</str<strong>on</strong>g>t – no sign <str<strong>on</strong>g>of</str<strong>on</strong>g> har<str<strong>on</strong>g>de</str<strong>on</strong>g>ning‣ Wi<str<strong>on</strong>g>de</str<strong>on</strong>g>r coverage are being <str<strong>on</strong>g>of</str<strong>on</strong>g>fered keeping priceintact e.g.Coverage for C<strong>on</strong>tingent Business Interrupti<strong>on</strong> T&D line with higher limits etc.‣Favorable move by GI Industry with regard toDeductibles – Agreed to minimum <str<strong>on</strong>g>de</str<strong>on</strong>g>ductible to bemaintained across the industry

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