GEN­ERAL IN­SURANCE CORP OF IN­DIA AIMS TO DOU­BLE AN­NUAL ASEAN GROSS WRIT­TEN PRE­MI­UMS

[ Source: Ber­nama, 12 July 2012 ]

Insurance - - INDUSTRY UPDATES -

The Gen­eral In­surance Corp of In­dia aims to dou­ble its an­nual ASEAN gross writ­ten pre­mi­ums from US$150 mil­lion as of March 2012 through its branch in Labuan, Sabah. Ashok K. Roy, chair­man and man­ag­ing di­rec­tor of the In­dian in­surer, said the Labuan branch, the first in the ASEAN re­gion for the com­pany, has the po­ten­tial to be con­verted into a sub­sidiary as de­mand for busi­ness in the re­gion is vast. Ad­di­tion­ally, be­ing strate­gi­cally lo­cated in the re­gion, Labuan makes for an ideal busi­ness place.

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