Car Insurance Premiums Likely to Rise on Reinsurance Costs: A Brief Account
Mumbai (Maharashtra) [India], December 4: Vehicle insurance premiums are expected to rise as insurers face higher reinsurance costs. Reinsurance assists insurance firms in managing major and unforeseen claims by distributing the risk with international partners. As the charges are raised by these international partners, the insurers tend to transfer the increment to the customers. As […]
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