Private insurer Bharti AXA General Insurance yesterday (April 18, 2012), said it plans to double its business in the southern region by the end of the ongoing calendar year.
'The company is planning to double its business in the southern region by the end of the calendar year 2012,' the company said in a release.
The general insurer, which has a premium collection to the tune of Rs774 crore during April-February period, receives around 23% of the total premium from the southern region of the country.
According to the company, while western region contributes around 36% of the total premium, northern zone provides 35% and eastern zone's share stands at 6%.
The insurer is also planning to increase its premium collection volume from Visakhapatnam of Andhra Pradesh.
' South India is a key focus market for us and Vizag being one of the biggest cities in South India is very important for us. We are looking at fuelling our growth by creating awareness about the need for insurance in this region,' Bharti AXA General Insurance Chief Executive Officer and Managing Director Amarnath Ananthanaryanan said.
The company is hopeful of posting a growth rate of 45% in its gross written premium collection in the current financial year.
Bharti AXA General Insurance is the joint venture between Bharti Enterprises and AXA group in which 74% stake is being held by Bharti group.
AXA group, which is a global player in insurance and asset management, had grossed revenue to the tune of 91 billion euros in 2010.
....more info
'The company is planning to double its business in the southern region by the end of the calendar year 2012,' the company said in a release.
The general insurer, which has a premium collection to the tune of Rs774 crore during April-February period, receives around 23% of the total premium from the southern region of the country.
According to the company, while western region contributes around 36% of the total premium, northern zone provides 35% and eastern zone's share stands at 6%.
The insurer is also planning to increase its premium collection volume from Visakhapatnam of Andhra Pradesh.
' South India is a key focus market for us and Vizag being one of the biggest cities in South India is very important for us. We are looking at fuelling our growth by creating awareness about the need for insurance in this region,' Bharti AXA General Insurance Chief Executive Officer and Managing Director Amarnath Ananthanaryanan said.
The company is hopeful of posting a growth rate of 45% in its gross written premium collection in the current financial year.
Bharti AXA General Insurance is the joint venture between Bharti Enterprises and AXA group in which 74% stake is being held by Bharti group.
AXA group, which is a global player in insurance and asset management, had grossed revenue to the tune of 91 billion euros in 2010.
....more info