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Insurance firms cannot be assessed on quarterly basis, says GIC Re CMD

Five heads of leading non-life insurance companies are optimistic about the industry's future and expect public sector insurers to spring back

(From left) Acko General Insurance MD & CEO Varun Dua, Religare Health Insurance MD & CEO Anuj Gulati, ICICI Lombard MD & CEO Bhargav Dasgupta, Business Standard Consulting Editor Tamal Bandyopadhyay, GIC Re CMD Alice Vaidyan, Tata AIG MD
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(From left) Acko General Insurance MD & CEO Varun Dua, Religare Health Insurance MD & CEO Anuj Gulati, ICICI Lombard MD & CEO Bhargav Dasgupta, Business Standard Consulting Editor Tamal Bandyopadhyay, GIC Re CMD Alice Vaidyan, Tata AIG MD & CEO Neele

Business Standard
On state-owned general insurers’ revival

Alice Vaidyan:  You have to look at how the state-owned general insurers have served the country and how they have grown over the years. Yes, I agree that there has been a fall in the market share of public sector insurance companies from 55 per cent to 45 per cent. Probably, the announcement of the merger of the three companies did not give much confidence to the public. The government has not gone back on its decision on the merger. As far as we know, the merger is going ahead.  

Varun Dua: India is made

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