Increased price competition due to phased liberalisation of ...
Increased price competition due to phased liberalisation of general insurance industry is pressuring underwriting margins. Extreme weather events like floods are raising reinsurance costs, impacting insurers' profitability. LPI plans risk mitigation through appropriate pricing for flood-related products and prudent underwriting, focusing on strengthening and expanding distribution channels.
![](https://pubimg-10000538.picsh.myqcloud.com/202205090000025243a644bb458.jpg)
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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