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International

State-owned general insurers asked to make changes to strategies

August 17, 2023 Reprints

India’s government has asked state-owned insurers to make changes to their strategies to increase their market share that continues to decline compared with private-sector players, Asia Insurance Review reported citing Economic Times. The government has asked general insurers to focus on cutting losses and enhancing operational efficiency to mirror the turnaround success of public-sector banks.

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State-owned general insurers asked to make changes to strategies

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