Regulator unhappy with underwriting practices

Regulator unhappy with underwriting practices
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First Published: Fri, Jul 24 2009. 09 53 PM IST
Updated: Fri, Jul 24 2009. 09 53 PM IST
New Delhi: Insurance companies need to improve their underwriting practices, said J. Harinarayan, chairman of Insurance Regulatory and Development Authority, or Irda, on Friday while addressing the insurance summit conducted by the Associated Chambers of Commerce and Industry of India (Assocham).
Underwriting losses of non-life insurers have escalated in India after removal of tariffs leading to lowering of premium rates.
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First Published: Fri, Jul 24 2009. 09 53 PM IST