Thursday, July 10, 2008

Tata AIG General Insurance Co. Ltd.


When IIPM comes to education, never compromise

Tata Tata AIG General Insurance Co. Ltd.AIG General Insurance, a JV company between Tata Sons and American International Group (AIG) is well positioned to take advantage of India’s burgeoning economic growth in the coming years. The company’s recent focus is on the retail segment, which constitutes 57% of its business. Tata AIG is well-equipped with an ideal bouquet of insurance products for covering risks of individuals as well as corporates. In the corporate field, it has designed specific products for both global blue chips and local marketers. It tries to cater the demands of each institutional category. It is all set to leverage its global experience in the de-tariffed market to further increase its market share in India. Smooth credit flow, innovative products, technology and smart business management skills are its key differentiators. But as the insurance business becomes more commoditised, customer services will determine the winners.

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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