It has been reported that one of the largest insurance company, Bharti AXA genral Insurance company of the country has decided to expand its ntework across the tier-II and tier-III cities. In order to deepen its penetration in motor segment and expand network in smaller cities the company is opening 29 new branches.
The CEO and MD of the company stated that they are comin up with many new innovative plans. As a part of their startgery they are looking forward to a multi pronged approach that will help them in enhancinh their growth in the smaller cities. Further he added that they are focusing on micro insurance, since the micro insurance is seeming to have lot of scope.
The company is reducing its exposure in health insurance segment, now they are finding the health insurance segment not much feasible.