In the 2024 financial year, over 75% of India’s general insurers recorded an underwriting loss. This is despite over 70% making a profit after tax. Results had been similar in the years prior.
With India’s non-life insurers navigating a period of rapid and frequent change, these profitability results may be down to their core delivery technology systems, which are no longer fit for the modern insurance environment.
Our whitepaper, Better Financial Outcomes: Key strategies to enhance underwriting profitability in India’s new insurance landscape, explores the top five strategies India’s non-life insurers can implement to help enhance their underwriting profitability in the rapidly changing insurance landscape.
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