Insurers have to make underwriting profits grow: SBI General's Mahapatra

He says the company is on top of property insurance and is proud of claim settlements

Among general insurance companies, SBI General has had a good run in the September quarter. Its net profit rose by a massive Rs 251 crore. Managing Director and Chief Executive Officer PUSHAN MAHAPATRA says there are plans for a public issue, but he is also careful to point out the risks for the insurance companies in rushing to the market. Excerpts from an interview with Subhomoy Bhattacharjee:

What are your thoughts on initial public offerings (IPOs) of insurance firms?

We expect a growth of about 40 per cent in gross premium to Rs 3,600 crore this financial year. Yes, we are exploring