 "subhash c khuntia")
General insurance companies should focus on cutting expenses, improving efficiency and designing better products to overcome their underwriting losses, rather than increasing prices, said insurance regulator Chairman Subhash Chandra Khuntia on Tuesday.
Most general insurance companies have been reporting underwriting losses for some years now and bank on other sources of income to run their business. Investment income forms a huge chunk of this.
“This is a shortsighted measure and we have to graduate ourselves to ensure that there are no underwriting losses. This doesn’t necessarily mean that the insurers increase the prices because improvement in efficiency can also lead to reduction
