Overview
Analysis
710HEGI31 analysis
Key facts
HDFC ERGO General Insurance Company Limited is a 74:26 joint venture between HDFC Limited, India's premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group. HDFC ERGO offers complete range of general insurance products ranging from Personal Accident ,Travel, Home and Motor, Health Insurance in the retail space and customized products like Property, Marine and Liability Insurance in the corporate space. HDFC ERGO is the 4th largest private sector general insurance company in India as rated by IRDA. HDFC ERGO has been expanding its presence across the country and is today present across 71 cities with 80 branch offices with an employee base more than 1100 professionals. The company has a wide distribution network comprising of brokers, retail and corporate agents, bancassurance besides its own direct sales force. HDFC ERGO has been assigned the rating of 'iAAA' by ICRA indicating its highest claim paying ability. The company also has ISO certification for its claim services. The company has been awarded with ICAI Awards for Excellence in Financial Reporting by Institute of Chartered Accountants of India (ICAI) under the Category IV - Insurance Sector. It is declared as a winner under ''Best Investor Education & Category Enhancement - Insurance'' category by UTV Bloomberg - Financial Leadership Awards 2012. It has also won ''Personal Lines Growth Leadership Award 2012'' at The Indian Insurance Awards 2012. Official website: hdfcergo.com/.
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