Cholamandalam MS General Insurance Company Ltd reported a Gross Written Premium of Rs 1,945 crore for Q1 2024, showing a 14.3 per cent growth compared to the industry average. The company, a joint venture of Murugappa Group and Mitsui Sumitomo Insurance Group, achieved a profit before tax of Rs 179 crore, settling 1.3 lakh claims. It invested in Data Analytics and Artificial Intelligence for motor insurance claims through the SAHAI mobile app. Managing Director V Suryanarayanan emphasised the company's commitment to growth and technology transformation.
