Insurance industry's underwriting losses increase by 6.2% in FY20, up to Rs 23,720 crore

Public sector insurers – five in total -- reported a bulk of these losses at Rs 18,741 crore in FY20, up from Rs 18,533 crore a year ago. Private insurers, 29 in all, meanwhile, reported sharp rise in losses albeit a much smaller base. Losses for private players came at Rs 3,647 crore in FY20 up from Rs 2,890 crore, a year before that.

from Banking/Finance-Industry-Economic Times https://ift.tt/3qeJo8Q