India, Sept. 2 -- The Government of India has issued a release:
A performance review meeting of the Public Sector General Insurance Companies (PSGICs) was held on 02.09.2026 under the Chairpersonship of Shri Sanjay Lohiya, Secretary, Department of Financial Services (DFS), Ministry of Finance. The financial and business performance of the PSGICs for FY 2025-26, covering underwriting performance across all Lines of Business (LoBs), Key Performance Indicators (KPIs), digital initiatives and other operational issues of the companies, was reviewed.
The Secretary advised the PSGICs to strengthen their focus on profitable lines of business and adopt suitable measures to bring down the Incurred Claim Ratio (ICR). Greater use of technology and ac...