Insurance Insanity: Underwriting Losses Jump to Rs 45,279 Crore!

In FY26, India's non-life insurers took a wild ride as underwriting losses zoomed to Rs 45,279 crore! That's a staggering 50% increase from last year. While premiums climbed 9%, state-owned insurers felt the pinch, especially United India Insurance, which saw losses skyrocket by 113%! Tata AIG led the private sector in losses, making this a crazy year for insurance!