Royal Sundaram GWP up 25%

The total Gross Written Premium (GWP) in 2009-10 was Rs 915.56 crore,Royal Sundaram Alliance Insurance Company said in a release issued here.

Out of the total premium of Rs 1,147.09 crore,personal insurance contributed Rs 749.48 crore registering a growth of 31.8 per cent over the previous year.

Commercial insurance contributed Rs 156.24 crore registering a growth of 8.5 per cent over the previous year,while commercial vehicle insurance accounted for Rs 241.37 crore during the financial year 2010-11,registering a growth of 18.9 per cent over the previous year.

“Our overall performance is encouraging and our commitment and conscious focus on retail business has given us positive results. Every year,even during the challenging times,the company’s performance has observed a constant growth,” Royal Sundaram Managing Director Ajay Bimbhet said.

Going forward,he said,the company’s emphasis will be on building its book by tapping the underlying opportunity in the ever growing retail market by leveraging the efficiency of all the distribution channels,prudent underwriting,efficient risk management,right product mix and excellent claims capabilities.