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The company also demonstrated strong growth in overall business clocking a Gross Written Premium (GWP) of Rs 12,731 crore, registering a growth of 17 per cent over the previous year, SBI General Insurance said in a statement.
Since the launch of the "zero fatality corridor" initiative for the Mumbai-Pune Expressway (MPEW) in 2016, there has been a marked decline in road crash deaths, stated the report on the project, a joint effort of the Maharashtra State Road Development Corporation (MSRDC), the Maharashtra Highway Police (HSP), the Maharashtra Motor Vehicle Department and the SaveLIFE Foundation.
Since the launch of the "zero fatality corridor" initiative for the Mumbai-Pune Expressway (MPEW) in 2016, there has been a marked decline in road crash deaths, stated the report on the project, a joint effort of the Maharashtra State Road Development Corporation (MSRDC), the Maharashtra Highway Police (HSP), the Maharashtra Motor Vehicle Department and the SaveLIFE Foundation.
Describing the reduction as
When the probability of risk is high, insurers may not issue new policies as part of prudent underwriting norms. However, under the current situation, factoring in contingencies into premiums is a major challenge for insurance companies.