We will be looking to prune our portfolio to make GIC Re a healthier entity, said MD Srivastava
Topics
GIC-RE | privatisation | Life Insurance
With reports of privatisation doing the rounds, shares of GIC Re have gained more than 40 per cent in a fortnight. DEVESH SRIVASTAVA, chairman and managing director, GIC Re, in conversation with Subrata Panda speaks about how the company is consolidating its business to achieve a combined ratio of close to 100 per cent. Edited excerpts: Reinsurers have raised rates on term plans.
Has GIC Re also raised rates in the term portfolio? We are not rate drivers. Life insurance is a very small fraction of our business — it is about 1 per cent. For life portfolio, there are enough …
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First Published: Sat, March 06 2021. 06:10 IST
