The Ministry of Finance will inspect four non-life insurance companies in 2024 to ensure adherence to mandatory motor vehicle insurance regulations.
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Maroc - Times of India - Business - 04/Aug 17:39
Finance ministry asks state-owned insurance companies to focus on profitable businesses
The finance ministry directed state-owned general insurers to focus on profitability over top-line growth. Following Rs 7,250 crore in capital infusions, companies like Oriental Insurance saw profitable turnarounds. Efforts now prioritize profitable lines of business, exiting loss-making segments such as motor and health insurance, aiming for sustainable improvements without further capital infusions.
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