A study by the Insurance Institute of India uncovers that insurance providers across classes are shifting focus over to a positive environment as they gear up to restart operations anew in a post-covid world.
Among the many industries hit hard by the Covid 19 pandemic, the insurance industry was among the worst hit. The pandemic had resulted in major business losses for the insurers, owing to a sharp rise in claims, which had consequently put the firms under a lot of pressure. Now, apparently, insurance agency are additionally considering on raising the premium rates to tide over the crisis.
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