Poging GOUD - Vrij
'We should just go for unified licences; must open up distribution'
Business Standard
|June 09, 2025
Tapan Singhel, managing director (MD) and chief executive officer (CEO), Bajaj Allianz General Insurance, in an interview with Aathira Varier and Subrata Panda in Mumbai, talks about challenges facing the non-life insurance industry and his vision for its future direction. Edited excerpts:
Following Allianz's decision to move out of the partnership, how has things changed for the company?
We have seen many movements in the industry before, and they've had no impact. We are one of the largest insurance companies in India, and such changes do not affect our operations. We have a customer base of over 150 million, and a vast distribution network. This has all been built organically by our team. Our solvency ratio is among the highest; we don't even require additional capital. There will be changes on the Board, but for now, we are awaiting necessary approvals.
What is the reason behind the slowdown in growth in the non-life insurance industry?
Dit verhaal komt uit de June 09, 2025-editie van Business Standard.
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