Rupee Depreciation & Insurance
19 Jul, 2022
by akshad tambekar
Does rupee depreciation have any impact on insurance wrt to premium values or accessibility?
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Post
26 Jul, 2022
From what I understand, it may not impact in short term. In the long term though, it may have an impact but not direct. The reason being reinsurance companies, especially the foreign players may hike/lower their premiums (one of the factors being the rupee/dollar ratio), thereby impacting individual premiums.
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Dear Akshad,
Rupee depreciation does not have an impact on insurance premiums. Insurance premium pricing is more to do with amount of claim paid vs premium collected, over all risk underwritten and inflation.
Regards
Rohit Dhingra