Insurance changes positive, give the companies time to adapt: Theodoros Kokkalas, ERGO International
Theodoros Kokkalas, chief operating officer of ERGO International said greater predictability would help insurers make long-term business plans. "We make plans, and today making long-term plans is like science fiction in the dynamic environment that we live in," he said. While India's general insurance industry is struggling to bring its combined ratio below 100%, with the industry average at 110-115% and ERGO is targeting a ratio of 80-85%, Kokkalas said there was no standard timeline for a market to reach that level.
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