<h1>Finance Minister Urges Public Sector Insurers to Tackle Underwriting Losses, Expand Coverage, and Enhance Claim Settlements for Growth.</h1> The Union Finance Minister addressed the Chairmen of Public Sector Insurance Companies to review their performance and strategize for future growth. He highlighted the challenges faced by the insurance sector due to global catastrophes and emphasized the need for sustainable growth. The Minister noted the significant investment in infrastructure by PSU insurers, with LIC leading in market share and social security schemes. Concerns were raised about underwriting losses in the general insurance sector, urging efforts to improve profitability. The Minister advocated for expansion into underserved areas, adoption of e-governance, and prompt claim settlements to enhance policyholder trust and sector growth.