Corporate insurance premiums are falling sharply this renewal season. Property and commercial lines are witnessing steep declines. Intense competition and increased underwriting capacity are driving these price drops. Experts warn this trend could impact industry profitability. Buyers are benefiting from lower costs across various insurance segments. This market softness is unprecedented, affecting all business lines.
No need for a rate hike unless inflation spikes: Economists
Bank economists have told the Reserve Bank of India that there is no immediate need to raise the repo rate or change the monetary policy