Re tariffing of Third Party Premium

There has been a delay in the promise made by yours truly to come back after the changes in Third party premium.

The Third party premium have been revised and notified. Currently the premium increase is at 70% more than the old tariff rates. This is expected to cause strain on the bottomline of the Third Party Pool which would eventually be passed on to the participating insurers.

The insurers community is not all that pleased with the turn of events, though only on expected lines

Venkat