ICICI Lombard expects to surpass industry standard in premium growth

ICICI Lombard’s gross written premium (GWP) grew by 20%, expects a premium growth of 2 – 3% higher than the industry average. According to Mr. Neelesh Garg, Executive Director – ICICI Lombard General Insurance Company GWP grew to Rs. 6,420 crores for the financial year ending March 2013. He attributed this growth to rise in premium amount in both retail and corporate segments. He further quoted that the company expects the force of previous year to go forward in this year and that the company expects 2 – 3% higher premium than the industry average in the coming financial year. He also did not rule out the rise in prices of the premium amount depending on the inflation numbers.  http://www.myallagents.com/ICICI-Lombard-expects-to-surpass-industry-standard-in-premium-growth/details.html