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Bharti insurance reaches landmark of Rs 1,000 crore

Posted on Nov 28, 10:47AM | UNI

Bharti AXA General Insurance Company Ltd, one of the fastest growing general insurance companies in India, has reached a major milestone by crossing the landmark figure of Rs 1,000-crore in Gross Written Premium (GWP) for year 2012.

Addressing a press conference, Dr. Amarnath Ananthanarayanan, CEO and MD, Bharti AXA General Insurance, said 'In just four years, we have built the trust of 2 million customers to become one of the fastest growing multiline general insurance companies in India and our focus is on to become the preferred general insurance company in India'.

The company has grown at over 45 pc from 2011 to 2012 and aims to consolidate and continue the momentum for the financial year 2013.

The focus is on the underserved segment, especially in tier- II and III cities.

Sampath Kumar, CFO, Bharti AXA General Insurance, said 'The year 2012 has been an eventful one for us as we crossed the magical figure of INR 1,000-crore mark and will look forward to grow our endeavours in all channels with an expected growth rate of around 30pc in 2013'.

The claims servicing was of 3 lakhs claims since its inception in August 2008.