Anticipated motor premiums growth for 2012

The premiums volume generated by motor business is poised to grow by 20% as of April 2012. This progression will follow the dismantlemant of the motor third party liability insurance Indian pool. The overall policies will, therefore, be duly rated. The pool, established in 2007 with a view to cover policyholders unable to have a cover, has always been criticized by private insurers who regard claims sharing arrangements to be behind the deterioration of their results in this class of business.