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The Economic Times

Markets / The Economic Times

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Corporate insurance rates crash amid growing competition

Mumbai's commercial insurance market is experiencing a significant premium drop as insurers slash rates to secure large corporate clients. Property and industrial cover prices have plummeted, with natural catastrophe covers seeing discounts of 60-75% and preferred risks up to 85-90%. This aggressive pricing strategy, described as a loodbath, raises concerns about the sector's viability amid potential adverse events.

13 Mar 2026 6:07 am