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FM Asks State-Run Insurers To Offer Innovative Products
Financial Express Hyderabad
|May 29, 2025
FINANCE MINISTER NIRMALA Sitharaman on Wednesday reviewed the key performance indicators of public sector general insurance companies and directed them to develop innovative insurance products tailored to new and emerging risks.
The importance of robust underwriting practices and portfolio optimisation was also highlighted, with instructions to align combined ratios with global industry benchmarks to safeguard profitability and financial stability, it said.
During the meeting, Sitharaman reviewed performance indicators including premium collections, insurance penetration and density, and incurred claims ratios.
Dit verhaal komt uit de May 29, 2025-editie van Financial Express Hyderabad.
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