Vipal Durge is Features Editor at (Re)in Asia, covering the deals and corporate strategy reshaping Asia Pacific insurance. Areas of specialty include M&A and market consolidation, insurer results and underwriting performance, and regulatory decisions across Australia, Japan, India and Southeast Asia.
Advantage is shifting from insurers competing on price to those combining agricultural expertise, analytics and flexible capital, says Swiss Re's Chandan Verma.
The Indian lender's programme reportedly carries aggregate cover of about ₹7.5bn (US$78.4m), though sources say the loss limit applying to this incident is closer to ₹3bn.
