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General insurance managed by the state will submit turnaround plans The general insurance companies managed by the state must submit to the government plans approved by the board of directors to reduce unprofitable business sectors. The government aims to assess the performance of these companies based on a time-bound roadmap to organic solvency. Policies regarding better pricing, supervision and structured reinsurance for risky insurance areas are also highlighted.

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Economic Times · · Source

General insurance managed by the state will submit turnaround plans The general insurance companies managed by the state must submit to the government plans approved by the board of directors to reduce unprofitable business sectors. The government aims to assess the performance of these companies based on a time-bound roadmap to organic solvency. Policies regarding better pricing, supervision and structured reinsurance for risky insurance areas are also highlighted.

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