Underwriting losses for general insurers jumped 33 per cent to Rs. 10,127 crore in 2014-15 from Rs. 7,641 crore in the previous year, according to Insurance Regulatory and Development Authority of India’s annual report.Underwriting income is the difference between premiums collected on insurance policies by the insurer, and expenses incurred and claims paid out.KG Krishnamoorthy Rao, MD and CEO of Future Generali Insurance, said that general insurance industry is seeing high underwriting losses as the pricing in the market is not adequate and is unviable in various lines of business, such as group health, motor and fire, due to increasing competition among insurers.

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