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Join Moneycontrol in conversation with Tapan Singhel, MD & CEO of Bajaj Allianz General Insurance, as he discusses the impact of lower GST on health insurance and insights from their partnership with Allianz. Learn about critical measures to protect uninsured individuals and the company's preparedness against market shocks.
The company may have to go for an IPO sooner rather than later, as the regulator has been nudging most large companies to go public, the CEO has said
For the insurance industry, technological developments such as blockchain, artificial intelligence, telematics, cloud computing, the Internet of Things (IoT) and advanced analytics are providing new ways to improve efficiency. It has to some extent cut down the need for physical documentation and enabling real time settlement of claims by providing new avenues to measure, control and price risks.
Health insurance can be your trusted health consultant and at the same time is a solid investment that will secure your savings that were accumulated for essential life goals
Tapan Singhel, MD and CEO of Bajaj Allianz General Insurance said that the government should make it mandatory for employers, both in the organised and unorganised sectors to provide health cover to all their employees.
Riding high on motor and fire premia and government-run social security schemes, the general insurance industry grew 12.5 percent in the April-June quarter mobilising Rs 23,418 crore in premium income.
In spite of two major catastrophes in FY15, including Jammu and Kashmir floods and the tropical cyclone Hudhud in eastern parts of the country, Bajaj Allianz continued with its good performance.
The general insurance industry is likely to see a drop in growth in the current financial year compared to the last fiscal due to a slowdown in economic activities, feel industry players. Growth in FY14 is expected to be around 15 percent, down from 19 per cent last fiscal, they said.
