DelhiDesk Shriram General Insurance (SGI) is planning to expand its business and increase the number of agents to 2 lakh. The company is also aiming to increase its branch count by 20% every year. Currently, SGI has 235 branches and 57,000 agents with Point of Salespersons. The gross written premium of the Jaipur-based insurance company increased by 29% to Rs 2,266 crore in the last financial year, while the growth rate of the insurance industry during this period was 16%. The company is planning to recruit 750 people in the current financial year and 5,000 people in the coming three years.
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– Shriram General Insurance (SGI) plans to expand its business and increase the number of agents to 2 lakhs.
– The company aims to increase its branch count by 20% every year and increase the number of agents and Point of Salespersons.
– SGI’s gross written premium increased by 29% to Rs 2,266 crore in the last financial year.
– The company plans to recruit 750 people in the current financial year and 5,000 people in the next 3 years.
– SGI’s solvency ratio is 4.9%, while the regulator’s requirement is only 1.5%.
– The company’s promoters have infused Rs 259 crore as equity and paid over Rs 2,200 crore as dividend in 14 years.
– SGI is focusing on expanding its agency and workforce to take advantage of the fast-paced growth in the insurance industry.
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