Aggressive pricing and weak solvency among several state-owned insurers could test India's insurance growth story despite favourable regulatory reforms, S&P says.
Violent demonstrations in Kathmandu caused extensive damage to businesses and institutions, with reinsurance, primarily through Nepal Re, expected to cover the majority of industry losses.
India’s public sector general insurers continue to face pressure from weak combined ratios, low returns and may require a sizeable capital infusion by FY2026.
