INSUBCONTINENT EXCLUSIVE:
Authors: JordanChennai: Cholamandalam MS General Insurance Company, a joint venture between the Murugappa Group and Mitsui Sumitomo
Insurance Group, Japan has reported a Gross Written Premium of Rs 4,103 crore during FY2018, registering a year on year growth of
30.9%.
During the year FY 2017-18, the company said the Combined Ratio (CoR), which is a measure of an insurance company's claims
performance, improved 100.79% in from 101.25% in the previous year
Profit before tax grew 16.7% to Rs
347 crore, supported by strong investment income of Rs 489 crore with an investment corpus of over Rs 6300 crore, it said
The company said that retail has been the dominant growth strategy with Motor, Health Crop insurance contributing over 80% of the premiums
across metros other cities
healthy Return on Equity of 20.5%
