Insurers seek more hike in auto insurance premium

The 10-15 per cent average hike in third-party motor premium by the regulator is not sufficient to cover the losses and therefore the claim ratio will stay high, say industry officials. "The average hike of 10-15 per cent by the regulator IRDA is not enough to cover higher claims in this segment," Future Generali India Insurance chief executive KG Krishnamoorthy Rao told PTI. He said the claim ratio is likely to stay in the r...