When it comes to Premium, the Indian market is very competitive compared to the world market and is driven more by prior year premium rather than claims experience. As a result, organizations/employers have a good ride, as they can pass the risk to insurance companies and enjoy a great range of benefits without getting impacted by high claim ratio. Insurance companies have been facing claim ratios of more than 120%.
When it comes to Premium, the Indian market is very competitive compared to the world market and is driven more by prior year premium rather than claims experience. As a result, organizations/employers have a good ride, as they can pass the risk to insurance companies and enjoy a great range of benefits without getting impacted […]
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