📱 Finance Ministry Asks State-owned General Insurers
Published by OOPSONLINE.IN · Source: The Economic Times · 1 min read · · Updated
What actually happened
Public sector insurers must focus on profitable business lines and lower incurred claim ratios. Greater technology use and digitalisation are encouraged for operational efficiency. Improved customer outreach and social media engagement will enhance product awareness. Companies should increase insurance penetration and reduce protection gaps. Performance monitoring will be strengthened through a standardised KPI framework.
Key points
- Public sector insurers must focus on profitable business lines and lower incurred claim ratios.
- Greater technology use and digitalisation are encouraged for operational efficiency.
- Improved customer outreach and social media engagement will enhance product awareness.
- Companies should increase insurance penetration and reduce protection gaps.
Summary based on data provided by The Economic Times. Full article available at the original publisher.
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- #finance
- #ministry