Slowing Indian economy weighs on insurance and reinsurance sectors: Moody’s1 min read . Updated: 21 Jan 2020, 05:40 PM IST
- India’s GDP growth weakened to its slowest rate in five years in the fiscal year ended March 2019
- According to the latest estimates by Indian statistics department, the economy will grow at 5% in the current fiscal ending in March
Slowing Indian economy will weight on insurance premium growth over the next two-three years, Moody’s Investor Service said on Tuesday. However, supportive measure taken by the regulator Insurance Regulatory and Development Authority of India (IRDAI) will help counterbalance the deteriorating economic environment.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more