Mumbai’s commercial insurance market is experiencing a significant premium drop as insurers slash rates to secure large corporate clients. Property and industrial cover prices have plummeted, with natural catastrophe covers seeing discounts of 60-75% and preferred risks up to 85-90%. This aggressive pricing strategy, described as a “bloodbath,” raises concerns about the sector’s viability amid potential adverse events.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets