India crop (re)insurance market expands at rapid pace

India is rapidly taking its place as one of the world's
largest crop insurance markets.
Total premiums may surpass $4bn this year amid a surging
participation rate, while the reinsurance market is seen as
hardening in many areas, according to Kris Lynn, head of global
crop for Sompo International in Bermuda.
General Insurance Corporation of India (GIC Re) may pick up more
than half of the estimated $3.0bn to $3.2bn in premium ceded to
reinsurers this year. The rest will...