Hike in health premiums of products imminent: IFFCO Tokio MD & CEO

Anamika Roy Rashtrawar delves on raging issues in the general insurance sector such as high claims in the health segment and motor insurance returning to a growth path

The first quarter saw a huge spike in Covid cases in the country, resulting in loss ratios of insurance majors getting impacted. Anamika Roy Rashtrawar, managing director (MD) & chief executive officer (CEO), IFFCO Tokio General Insurance, in an email interview with Subrata Panda, delved on raging issues in the general insurance sector such as high claims in the health segment and motor insurance returning to a growth path. Edited excerpts:
 
Did the second wave impact business growth?
 
Yes, the growth of retail lines of business did get impacted due to the ov­e­r­all concern and anxiety among consumers.