Gic Re Reports 9 7 Profit Jump To Rs 1922 Crore Driven By Improved Claims And Underwriting
E
Economic TimesVerified Publisher
General Insurance Corporation of India has announced a notable profit increase of 9.7 percent, attributed to enhanced performance in claims management and underwriting. The company reported an 8.8 percent year-on-year rise in gross premium income General Insurance Corporation of India has announced a notable profit increase of 9.7 percent, attributed to enhanced performance in claims management and underwriting. The company reported an 8.8...
General Insurance Corporation of India has announced a notable profit increase of 9.7 percent, attributed to enhanced performance in claims management and underwriting. The company reported an 8.8 percent year-on-year rise in gross premium income. Furthermore, the incurred claims ratio saw a significant enhancement, reflecting improved cost efficiency, while GIC Re’s combined ratio also indicated lower underwriting losses, showcasing overall financial robustness.
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