We will be looking at surety bonds biz: Bajaj Allianz General Insurance CEO

Overall Covid claims constituted 20 percentage points (ppt) of the claim ratio movement, said Singhel

With the third wave of the pandemic receding, general insurers are better placed in terms of claims than they were after the second wave. TAPAN SINGHEL, managing director and chief executive officer, Bajaj Allianz General Insurance, speaks to Subrata Panda about how Covid-related claims have had an impact on loss ratios and profitability, surge in medical inflation, necessity of a regulator for the health care sector, and the surety bonds business. Edited excerpts:

Did the third wave impact business in any way?

The frequency was much higher. Our data suggests that claims in January moved up 241 per cent, compared with December.