The insurer is focused on growing faster than the market leveraging its brand, distribution reach, and basket of well-priced products supported by a robust claims settlement process.
FinTech BizNews Service
Mumbai, 31 December, 2024: As we approach the new year, Naveen Chandra Jha, MD & CEO, SBI General Insurance, shares interesting year-end comments on the company's strategy:
"This year marked a significant leap forward for India’s insurance industry, driven by regulatory reforms, technological advancements, and a growing awareness of risk management. We are focused on growing faster than the market leveraging our brand, distribution reach, and basket of well-priced products supported by a robust claims settlement process. The Insurance Regulatory and Development Authority of India (IRDAI) has been at the forefront of this transformation, introducing forward-looking reforms to simplify customer journeys, encourage digital innovation, and enhance distribution frameworks.
At SBI General Insurance we have a deep commitment to the vision of “Insurance for all” and thus contributing towards the goal of making India a developed nation by 2047.
Outlook for 2025: Forging New Frontiers
We are approaching the next year with a lot of confidence and optimism. We have the building blocks in place with a deep distribution system, a trusted brand, a motivated team, and a strong portfolio of products backed by efficient claims processing. Our goal remains to be a customer-focused organization and strengthen our market position to establish ourselves as one of the key players in the industry.
Our focus will be on key areas:
