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Property, fire insurance premiums to go up as GIC Re revises reinsurance rates

Updated : January 25, 2020 12:12 PM IST

Property and fire insurance premiums are expected to see a 33-35% jump.
Motor insurance premiums may also go up.
Motor insurance contributes about 20 percent to GIC Re’s total premium.
Property, fire insurance premiums to go up as GIC Re revises reinsurance rates

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