Passez à l'illimité avec Magzter GOLD
Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement
Essayer OR - Gratuit
Tepid new business growth in health insurance a concern
Financial Express Kochi
|July 05, 2025
State-run Central Bank of India has acquired a 26% stake in Future Generali India Insurance (FGII), becoming a promoter in the private general insurer.
-
In an interview, FGII managing director and CEO Anup Rau tells Narayanan V that the tie-up offers a goldmine of general insurance opportunities for the PSB, while also helping the insurer to scale up its property line of business. Excerpts:
How will Central Bank of India coming in as a shareholder change things for FGII?
Unlike life insurance, bancassurance hasn't been a major distribution channel for general insurance companies, contributing about 6% of the top line. That said, I see strong potential here. SME lending is one big opportunity. Second, rural markets are tough to penetrate due to high distribution costs. Central Bank gives us a real opportunity here. It has 80 million customers and 4,800 touchpoints. On the other hand, the bank sees general insurance as a goldmine and an under-served space. I expect our share of business from bancassurance to rise from 6% to around 10% with this partnership.
Motor insurance accounted for a third of your gross direct premium of ₹5,408 crore. Is the slowdown in new vehicle sales affecting you?
Cette histoire est tirée de l'édition July 05, 2025 de Financial Express Kochi.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Financial Express Kochi
Financial Express Kochi
Delhi most polluted,60% districts in India breach annual PM2.5 limits
DELHI RANKED AS the most polluted among 33 states and Union territories with an annual mean PM2.5 concentration of 101 micrograms per cubic metre, 2.5 times the Indian standard and 20 times the WHO guideline, according to a new satellite-based analysis.
1 min
November 26, 2025
Financial Express Kochi
'With Sierra, we're targeting SUV market share of 20-25%'
Tata Motors relaunched the Sierra on Tuesday. Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles, tells Akbar Merchant the SUV should appeal to younger buyers looking for something different in terms of styling, a premium feel and who want their SUVs to reflect their personality. Excerpts:
1 mins
November 26, 2025
Financial Express Kochi
Labour codes to push social security cover to 85% in 3 yrs: SBI Research
THE IMPLEMENTATION OF the four new labour codes will boost social security coverage to 85% in next 2-3 years and would generate additional employment for 7.7 million people, a report by the State Bank of India Research said on Tuesday. It, however, cautioned about the possibility of short-run frictions followed by medium-run gains as compliance costs fall and formal hiring expands.
1 mins
November 26, 2025
Financial Express Kochi
Centre considering import tariff on some steel goods
THE GOVERNMENT IS considering extending an import tariff, locally known as a safeguard duty, on some steel products to counter cheaper imports primarily from China, according to a source with direct knowledge of the matter.
1 min
November 26, 2025
Financial Express Kochi
The quest for cultural relevance
LIVE EVENTS CAN PROVIDE A SPIKE IN SALES AND VISIBILITY BUT ARE YET TO EMERGE AS A MAJOR REVENUE STREAM
3 mins
November 26, 2025
Financial Express Kochi
PSB chiefs told to expedite pending IBC cases at NCLT
TOADDRESS DELAYS in pending Insolvency and Bankruptcy Code (IBC) cases at the National Company Law Tribunal (NCLT), financial services secretary M Nagaraju on Tuesday asked public sector banks (PSBs) chiefs to strictly adhere to timelines for admitting corporate insolvency resolution process (CIRP) applications and completing resolutions, the finance ministry said.
1 min
November 26, 2025
Financial Express Kochi
Mini-grid firm Husk to raise $400 mn
HUSK POWER SYSTEMS, the world's biggest solar mini-grid operator, has begun an industry-record capital raise of $400 million as it seeks to grow revenue tenfold by 2030 and prepare for an initial public offering.
1 mins
November 26, 2025
Financial Express Kochi
Ayni exit may limit regional outreach
As geopolitical competition intensifies in Central Asia, India will have to prioritise transparent and reliable connectivity strategies
3 mins
November 26, 2025
Financial Express Kochi
NPCI arm to roll out value-added financial services on BHIM app
NPCI BHIM SERVICES (NBSL), a wholly owned subsidiary of the National Payments Corporation of India (NPCI), will soon roll out value-added financial services on the Bharat Interface for Money (BHIM) app platform, beginning with credit cards.
1 mins
November 26, 2025
Financial Express Kochi
India's climate action must fuel growth, says CEA
INDIA'S ENERGY TRANSITION and climate action must be firmly aligned with national development priorities and cannot come at the cost of economic momentum, Chief Economic Advisor V Anantha Nageswaran on Tuesday said, adding that the economy set to cross the $4-trillion mark in the current fiscal.
1 min
November 26, 2025
Listen
Translate
Change font size