• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Bangalore , Nov. 13

The joint venture partners of Tata-AIG General Insurance Company Ltd are preparing to further beef up the capital ahead of deregulation of tariffs in the non-life insurance sector.

The Tata-AIG's Chief Operating Officer, Mr Michael Carlin, told Business Line that, "We are prepared to bring in more capital, if necessary for growth of the business. Both the partners are committed to increasing the capital."

At present, Tata-AIG is capitalised at Rs 175 crore, where the Tata Group holds 74 per cent stake.

Mr Carlin admitted that premiums in some segments were likely to drop with the beginning of deregulation. This is in line with other international markets, where market-based risk pricing is adopted. However, this would eventually lead to efficiencies and self-correction, he added, as has happened in other markets. This drop in premiums is also likely to bring in pressure on incomes, Mr Carlin said.

More Stories on : General Insurance

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
GE India bets on financial biz for $8-b revenue by 2010

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line