PTI responds to increased loss ratio by tightening health and motor underwriting, yet faces a negative outlook due to recent capital erosion and riskier investment approach.
Baker joins from Aon and will be responsible for growth of the large client segment, focusing on complex risks including energy, cyber, climate, and political.
The IRDAI said Arbitration clause for all tariff-based contracts issued after 27 October 2023 were de-notified, changing a standard that has been in place since 2006.
