Reinsurance Demystified: How It Strengthens the Indian Insurance Sector
The insurance industry is a vital component of individual and business protection against unexpected losses. As the risk profile has become more complex and the insurance ecosystem in India strong on financial stability, reinsurance has gained stature as a key component of the same. Reinsurance, commonly known as “insurance for insurers,” is in place to enable primary insurance companies to pay off claims on catastrophic events.
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