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As India opens its market to international reinsurers, major foreign players are applying for licences to take advantage of the country’s strong growth potential. But they will encounter a fairly soft market with prices likely to depreciate further due to the additional inflow of capacity, and a paramount state-run competitor, experts believe.
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Asia-Pacific, Insurance, Reinsurance, Insurance Act 2015, Licence, Lloyd's, AM Best, EAIC 2016, GIC Re, Risk management, Property, Casualty
