General Insurance Corporation of India CC-Jun24.pdf · 2024-08-12
Yes. Thank you, sir, for giving me this opportunity. I have a few questions around the domestic premium market. Basically you've just alluded that, leaving apart the regulatory changes which were enforced in the last year, on a comparable basis, the domestic premium -- or the premium growth for the quarter is 15% to 16%. And this happened in spite of the international premium going down. If we can give a little bit more clarity on to how the business domestically has grown on a like-to-like basis on a comparable basis, that will be helpful. And second, there are -- in the last quarter, I think there was a few guidance’s or a few directions which the company has given, that is, it expects to grow 15% to 16% in the business in the current year; and also expect the combined ratios to be more closer to 105%, 106%. Given the current situation, and I know it's been a hard work which you've done in last few years, do we think the fruits of that is likely to come through in this year onwards? Or I mean saying which - - any particular time when you expect this to change? I know there is an event which y ou are expecting for the rating upgrade, but I mean, if you can just take us through that journey as to how do we look the journey for next 1.5 years or a couple of years, that will be helpful. Thank you, sir.
So, this year, you think the combined ratio will be flat or it will be showing any improvement?