Shiram General to focus on non-motor insurance biz

Shriram General Insurance has planned to diversify its product portfolio by focusing more on the non-motor segments like marine, fire, during the current financial year, a top official said.

Motor insurance has been the core of the business for the Jaipur-based firm accounting to about 92 per cent, company Chief Underwriting Officer Shashi Kant Dahuja said.

As part of the diversification plan, the company would launch new insurance products under the fire, marine, engineering segments, he said.

"The idea is to double our non-motor business to around 15 per cent in two to three years from the current 7-8 per cent," Dahuja told.