ICICI
Lombard’s gross written premium (GWP) grew by 20%, expects a premium
growth of 2 – 3% higher than the industry average. According to Mr.
Neelesh Garg, Executive Director – ICICI Lombard General Insurance
Company GWP grew to Rs. 6,420 crores for the financial year ending March
2013. He attributed this growth to rise in premium amount in both
retail and corporate segments.
He
further quoted that the company expects the force of previous year to
go forward in this year and that the company expects 2 – 3% higher
premium than the industry average in the coming financial year. He also
did not rule out the rise in prices of the premium amount depending on
the inflation numbers.
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Tuesday, July 15, 2014
ICICI Lombard expects to surpass industry standard in premium growth
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