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Bharti AXA General Insurance sees 47 pct growth in premium collections
Jan 19, 2012 | 1616 VIEWS

Bharti AXA General Insurance Company said that it has seen a 47% growth in its premium collections in 2011 as compared to that in 2010.

The private insurer’s premium collections in 2011 stood at Rs 776 crore in 2011 against its collections of Rs 528 crore in 2010.

Commenting on this achievement, Amarnath Ananthanarayanan, CEO of Bharti AXA General Insurance said, "Year 2011 has been a great year for us and this outcome is the result of our colleagues, partners and stakeholders' relentless support and commitment. We look forward to 2012 and aim to focus on best in class products and services to enhance customer delight.”

In 2011, Bharti AXA GI sold more than 6.5 lakh policies and settled over 1.2 lakh claims compared to 4.86 lakh policies and 74,006 claims in 2010. This substantial growth can be attributed to their aggressive strategy that focuses on portfolio improvement, best in class solutions and a suite of innovative insurance products.

Currently the company has 58 insurance products to cater to small and large customers in rural to semi-urban to urban, private individuals to commercial and from small enterprises to large industries. Mumbai, Delhi and NCR, Ahmedabad, Kolkata, Hyderabad and Bangalore are the top 6 cities which contributed to 56% of the company’s overall retail business.

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