Profile on India - Impact of Detariffing: A Reinsurer’s Perspective - Detariffing Will Benefit All Stakeholders
Source: Asia Insurance Review | Jan 2007
The Insurance Regulatory
and Development Authority (IRDA) has set the roadmap for deregulation of tariffs
to come into effect from 1 January 2007. A number of global reinsurers have
expressed concern over the possible impact of detariffing on the Indian non-life
insurance market, that tariff reduction will result in revenues of primary insurers
shrinking, leading to a deterioration in underwriting losses and consequent
weakening of domestic retention capacities. In an exclusive interview with Asia
Insurance Review, Mr Clarence Yeung, Head of Swiss Re’s South
East Asian and Indian operations, removes all doubts on the impact of detariffing
on the Indian market and how it will benefit stakeholders in the long run.
Archived articles are available to Magazine subscribers only.
For Full Access to
the magazine
SUBSCRIBE here.