In April 2007, Indian General insurance business was taken off the tariff, the price list for many types of General insurance which had been statutory for decades. Some tariffs were very high – for Fire insurance – for example. Others were too low – like Motor insurance, especially Motor Third Party Liability. This led to [...]

Cholamandalam MS’ Software tie-up Cholamandalam MS Risk Services Limited has tied up with ProcessMAP Infotech Pvt. Ltd, an affiliate company of ProcessMAP Corporation, USA, for a web-based information management platform, said a press release. Cholamandalam MS Risk Services Limited is a joint venture between the Murugappa group, India and Mitsui Sumitomo Insurance Group, Japan. The [...]

Cholamandalam MS General Insurance Company is part of the Chennai headquartered Murugappa Group with major presence in engineering, abrasives, sugar and agricultural and farm inputs.  It is a joint venture with the Mitsui Sumitomo Insurance Group, the second-largest insurance group in Japan. Mr S S Gopalarathnam, a Cost and Management Accountant by qualification, joined the [...]