Chola MS posts 30% enhance in its GWP throughout H1 of FY22

Cholamandalam MS Basic Insurance coverage Co. Ltd. (Chola MS) has posted a 30% progress in its gross written premium (GWP) for the half 12 months ended September to ₹27.69 billion from the year-earlier interval.

The funding corpus stood at ₹139.3 billion and solvency ratio 2.10 instances, it stated in a press release.

Chola MS, which is celebrating its twentieth anniversary, is poised to develop larger in dimension and market share, stronger in its profitability and solvency even it continues to uphold the model’s promise ‘’pledge2protect,’ stated V. Suryanarayanan, MD.

The corporate, a three way partnership between Murugappa Group and Mitsui Sumitomo Insurance coverage, Japan had posted GWP of ₹48.24 billion in FY22.

By- The Hindu

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