India’s automotive industry, which accounts for 7.1% of the nation’s GDP, has boosted the growth of motor insurance. This sector now represents around 45% of the total business of general insurance companies. Car dealers, as primary intermediaries in the customer purchasing journey, have become a critical distribution channel for motor insurance.
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
August 14, 2026