Chola MS plans to return to the crop insurance market with a 5% market

The joint venture between Japan's Mitsui Sumitomo insurance group and the Murugappa group,

Cholamandalam MS General Insurance Company (Chola MS), announced on Thursday

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that it is reentering the crop insurance business and will be increasing its overall market share among multi-vertical

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players to 5% from the current 2.87% over the course of the following three to four years.

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Chola MS's MD, V Suryanarayanan, told FE that the business will keep outpacing its sector in growth.

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"We hope to be able to achieve the target of 5% over the next three to four years."

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Regarding the intention to return to the crop insurance market, Suryanarayanan stated that the main reason

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The governments are demonstrating commitment, and there are now a lot more enabling laws

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