Apollo Munich CEO-Proudly Announcing The Association

Antony Jacob throws light on Apollo Munich's Growth Over Next 3 Years

Antony Jacob,
Chief Executive Officer,
Apollo Munich Health Insurance Company

STANDALONE health in­surer Apollo Munich Health promoted by Apollo Hospitals expects to turn profitable in the next three years.

"We hope to break even by 2012-13 and start mak­ing profit from 2013-14," Apollo Munich Health In­surance chief executive of­ficer Antony Jacob said.

The company is already making profit so far as re­tail business is concerned, however, there are under-writing losses in terms of group insurance, Antony Jacob said.

Apollo Munich is a 74:26 joint venture be­tween The Apollo Hospi­tals Group, and Germany-based Munich Re's newest business segment, Munich Health, which came into being following the reorganisation of business.

As far as capital infu­sion is concerned, Jacob said, by 2013-14 the com­pany's total paid-up capital would go up to Rs 500 crore from the present level of Rs 225 crore.

Capital infusion will go in for expansion of the business, he added.

Antony Jacob said, the company would invest about Rs 20 crore during the last quar­ter of 2009-10.

About the rechristening of the firm, he said, the new name is in line with the company's brand strat­egy to communicate its deep-rooted expertise.

They are: Easy Health standard; Easy Health Exclusive; Easy Health Pre­mium.

On December 29, 2009, the insurance company, has renamed itself Apollo Munich Health

Insurance from Apollo DKV Health Insurance.

Apollo Munich Health Insurance has three op­tions in healthcare insurance products.
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