Capital Markets Effects On Insurers
June 23, 2008

Each of them is the goal to which they operate. What is the surface of the Valley Forge attention his company this year?

We want the auto insurers, the best value for our customers, shareholders and employees. If any of us expect Valley Forge investments to fund the upper quarter performance and a quick solution to their interests. We strive to be profitable, with a high degree of First Colony endurance, both the best quality for our industry. Our company of the Bank Group, there are a lot of focus on the group of companies. We also have the emphasis on a purely risks that we want a simple and pure insurance. At a time when we First Colony should be five, and our position is different than the value added.

Given the strong growth and the way the insurance companies are more players in the field of financial services or other media are always interested; you can from the Company. India already has 18 companies, and it is likely very soon number 24th This trend should continue for some time. The real challenge, currently and in the future a more efficient distribution of goods. All players are in a position to balance. May it last for three to five years from now. The companies with the banks, the group has a clear advantage. Many new players in appearance at the same time we must also the costs and difficulties in managing the company.

How are you planning the expansion of activities in the next two to three years? What are the goals of short and long term?

We have to focus on improving the distribution. We are also looking for a better foot on the growing market in new areas. In the last year we doubled network with 150 offices in the 74th We're working to make this figure is from 210 to the end of this year. We benefit from the expansion of our director Kotak Mahindra Bank, which intends to expand its 250 offices in the existing arrangements for the next 185 years. This means that 12 months from the date on which we are now about 500 outlets to sell our policies. The bulk of the growth - about 75% of the Stages II and III cities Great West.

We also plan to open a branch office, the Middle East - Tel he was of the latter. We have a goal an increase of 100% of premium equivalent (APE) for new enterprises (New Brunswick), the premium compared to our 88% growth last year. We doubled the premium for the new business. The only risk is the rapid deterioration of the economic environment and the impact on the capital. Life insurance can take the current situation of insurance companies as an investment risk / reward matrix, because the long-term nature.

Is an excellent opportunity to improve the image of the profession of life. First is a complex, and it is therefore very poor job. It is one of the products, customer demand, but he does not participate in a purchase. We are building on an individual basis Great West and prefer it if someone is prepared to pay the cost of agents. It is a great challenge for the training of players and keep them consistent with the recommendations made to the different needs of customers. Eventually, the possibility that old saying in the life "has never sold and purchased.

Also, the positioning of products d 'insurance should be added to long-term savings and protection products. If the Holders of a stay of more than seven to eight years in the product, a smaller decline in tax revenues compared to many other options available. Industry is well trained and effective financial advisers who are in this profession.

The work focuses on the pension and health this year. Almost all the players a pension. Our advantage is that we in a position to assess all Products are made available, then the product. The primary goal is the pension. Ministry of Health will decide at a later date.

We intend to grow our business group in step with the private sector, which currently is around 12% of the premium for new business. We have more than 300 customers, and we work on the sale of the risks and the depth of products for them. We need to finance the upper quartile Principal performance and support the sales of the group. route, even if the micro-insurance through the economy starts in the group. We have a group of Companies, as the most viable for work in the field of micro - insurance. Fact, it is unlikely that the group holding the end of the premium rate was reduced by around 60-70% in the last four years because of the competition. It has the advantage of Principal Customers.

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