ERGO’s Kokkalas says insurance changes are positive
In short
ERGO International’s chief operating officer, Theodoros Kokkalas, said India’s insurance changes are positive. He said insurers need time to adjust and that more predictability would help them plan for the long term.
He also said India’s general insurance combined ratio is still about 110% to 115%, while ERGO wants 80% to 85%. The report does not say when the market can reach that level.
What the reporting says
Theodoros Kokkalas, chief operating officer of ERGO International, said changes in India’s insurance market are positive and that companies need time to adapt, according to a publisher-supplied summary. He said greater predictability would help insurers make long-term plans, while noting India’s general insurance industry is struggling to bring its combined ratio below 100%. The source cites an industry average of 110-115% and ERGO’s target of 80-85%, but gives no timeline.
Why it matters
Theodoros Kokkalas of ERGO International said recent insurance changes in India are positive and that insurers need time to adapt. He said greater predictability would help companies make long-term plans, while noting the general insurance industry is still struggling to bring the combined ratio below 100%. The source says the industry average is 110-115% and ERGO is targeting 80-85%, but no timeline is given.