Mumbai
For the past eight years, Reliance General Insurance Co. Ltd., the fifth-largest private general insurance company in India, has demonstrated sustained profitable growth and sound solvency. The Corporation reported a Gross Written Premium of Rs. 8,208 Crore for the nine months ended on December 31, 2022, an increase of Rs. 914 Crore over the same period the previous year.
Given that our country has a very low level of insurance penetration compared to other nations, as well as the recent big-ticket regulatory reforms that have made it easier to do business in the insurance sector and ensured that the regulatory architecture is in line with market dynamics to increase penetration, there is an increased opportunity for much faster growth than in the past. There aren’t many reforms in the works right now.
In order to provide its products and services to Retail, Corporate, Government, and SME clients, Reliance General Insurance also maintains a strong network of more than 75,000 intermediaries and 131 branch offices staffed by more than 7000 individuals throughout India.
