GIC Re reports 9.7% profit jump to Rs 1,922 crore driven by improved claims and underwriting

General Insurance Corporation of India has announced a notable profit increase of 9.7 percent, attributed to enhanced performance in claims management and underwriting. The company reported an 8.8 percent year-on-year rise in gross premium income. Furthermore, the incurred claims ratio saw a significant enhancement, reflecting improved cost efficiency, while GIC Re’s combined ratio also indicated lower underwriting losses, showcasing overall financial robustness.

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