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Will break even by next fiscal
Financial Express Kochi
|May 14, 2025
Zuno General Insurance, backed by Edelweiss Group, closed FY25 with a gross premium of around ₹1,000 crore.
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Managing director and CEO Shanai Ghosh tells Narayanan V about the insurer's roadmap to break even, how it is approaching the regulator's expense of management norms and the role of a carefully-chosen product mix in driving growth. Excerpts:
How was your growth in FY25?
We ended FY25 with ₹992 crore in GDPI (gross direct premium income). The GDPI growth rate was 19%, against the industry growth of 6%. We will continue to maintain a trajectory of 2.5 to 3 times the industry growth rate in FY26. Even if industry growth moderates, our trajectory remains unchanged. Therefore, we expect a healthy growth rate of 25%-30%, placing our premium target at around ₹1,250 crore this fiscal. Breaking even will be a major milestone for us and we have set a target to achieve it in FY27.
Esta historia es de la edición May 14, 2025 de Financial Express Kochi.
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