Underwriting losses of general insurance cos rise 6% in FY20 - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Underwriting losses of general insurance cos rise 6% in FY20

Public sector insurers – five in total -- reported a bulk of these losses at Rs 18,741 crore in FY20, up from Rs 18,533 crore a year ago. Private insurers, 29 in all, meanwhile, reported sharp rise in losses albeit a much smaller base. Losses for private players came at Rs 3,647 crore in FY20 up from Rs 2,890 crore, a year before that.

from Stocks-Markets-Economic Times
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