Shriram General Insurance bags Excellence in Growth Award for two years in a row

June 25, 2012 - PRLog -- Shriram General Insurance Company Limited (SGICL), one of India's leading general insurance companies, has been conferred the ‘overall growth excellence in the General Insurance sector’ under the 'Excellence in Growth Award 2012'category at the Indian Insurance Awards 2012 held in Mumbai.

This award was presented by SP Media and the jury consisted of SB Mathur, Secretary General, Life Insurance Council, SL Mohan, Secretary General, General Insurance Council; and Vepa Kamesam, Managing Director, Institute of Insurance and Risk Management and Shirish Pathak, CEO, Fintelekt.

'Excellence in Growth Award 2012'category seeks to applaud the comprehensiveness of growth achieved by a general insurance provider on all counts namely - coverage, volumes, revenues, business mix, product portfolio and market share. The award honors growth that appears to be sustainable in the long run. Through this award the jury seeks to commend the work of an insurer which has achieved healthy growth in the general insurance segment in the year 2011-12.

SGICL has once again demonstrated overall growth excellence in the general insurance sector, primarily focused on the motor insurance business, the company has grown its client base from 12.2 lakh to 17.3 lakh customers in the last fiscal and increased the market share by more than 30% - the fastest in the sector. In a hyper competitive market, SGICL has increased its branch network and has grown its employee and client base.

Commenting on winning this prestigious award for the second consecutive year, JS Gujral, MD and CEO, Shriram General Insurance Company Limited said: “We are extremely honoured to have SGICL be chosen as ‘Excellence in Growth Award 2012’. This award is a testimony to our continuous efforts towards introducing innovative products and solutions for our customers. For a full report, visit automotivehorizon.sulekha.com/shriram-general-insurance-bags-excellence-in-growth_newsitem_4706