GDP figures of Non-life insurers upto the month of july are available. Market share wise, New India followed by United India is at the top. Two Pvt sector players have crossed the the NIC & OIC. Bajaj allianz & SBI general are giving great performance despite odds. Overall the the non-life insurance industry has recovered from the Kovid-19 impact to some extent.
‘GROSS DIRECT PREMIUM UNDERWRITTEN FOR AND UPTO THE MONTH OF JULY, 2020 | |||||||
(Rs. in crores) | |||||||
S.No. | INSURER | For the Month of JULY | Upto the Month of JULY | MARKET SHARE UPTO the Month Of July, 2020 (%) | GROWTH OVER THE CORRESPONDING PERIOD OF PREVIOUS YEAR (%) | ||
2020-21 | 2019-20 | 2020-21 | 2019-20 | ||||
1 | The New India Assurance Company Limited | 1,993.61 | 1,740.13 | 9,510.27 | 8,878.90 | 16.88 | 7.11 |
2 | United India Insurance Company Limited | 1,408.80 | 1,358.45 | 5,401.89 | 5,044.17 | 9.59 | 7.09 |
3 | ICICI Lombard General Insurance Company Limited | 1,089.07 | 1,033.53 | 4,391.29 | 4,520.40 | 7.79 | (2.86) |
4 | Bajaj Allianz General Insurance Company Limited | 2,003.83 | 939.42 | 4,270.36 | 3,762.37 | 7.58 | 13.50 |
5 | National Insurance Company Limited | 1,146.77 | 1,515.37 | 3,908.90 | 4,623.04 | 6.94 | (15.45) |
6 | The Oriental Insurance Company Limited | 935.15 | 864.92 | 3,757.54 | 4,271.18 | 6.67 | (12.03) |
7 | Reliance General Insurance Company Limited | 631.38 | 609.48 | 2,483.28 | 2,580.71 | 4.41 | (3.78) |
8 | Tata AIG General Insurance Company Limited | 679.57 | 660.66 | 2,478.54 | 2,815.71 | 4.40 | (11.97) |
9 | IFFCO Tokio General Insurance Company Limited | 650.45 | 640.36 | 2,384.92 | 2,530.98 | 4.23 | (5.77) |
10 | HDFC Ergo General insurance Company Limited | 644.00 | 578.30 | 2,182.58 | 2,354.77 | 3.87 | (7.31) |
11 | SBI General Insurance Company Limited | 683.11 | 396.18 | 1,888.28 | 1,673.49 | 3.35 | 12.83 |
12 | Cholamandalam MS General Insurance Company Limited | 357.00 | 368.42 | 1,215.84 | 1,469.73 | 2.16 | (17.27) |
13 | Future Generali India Insurance Company Limited | 228.65 | 238.92 | 901.13 | 822.97 | 1.60 | 9.50 |
14 | Go Digit General Insurance Limited | 236.80 | 155.15 | 840.95 | 615.55 | 1.49 | 36.62 |
15 | Bharti AXA General Insurance Company Limited | 301.93 | 276.78 | 810.85 | 855.10 | 1.44 | (5.17) |
16 | Royal Sundaram General Insurance Company Limited | 205.80 | 244.90 | 790.24 | 962.73 | 1.40 | (17.92) |
17 | Shriram General Insurance Company Limited | 175.99 | 202.74 | 633.23 | 747.77 | 1.12 | (15.32) |
18 | Universal Sompo General Insurance Company Limited | 151.16 | 141.73 | 569.78 | 500.69 | 1.01 | 13.80 |
19 | Liberty General Insurance Limited | 117.50 | 118.78 | 437.05 | 489.81 | 0.78 | (10.77) |
20 | Magma HDI General Insurance Company Limited | 107.62 | 100.77 | 321.40 | 366.48 | 0.57 | (12.30) |
21 | ManipalCigna Health Insurance Company Limited | 63.71 | 41.55 | 206.78 | 167.52 | 0.37 | 23.44 |
22 | Kotak Mahindra General Insurance Company Limited | 49.32 | 32.71 | 146.75 | 114.76 | 0.26 | 27.88 |
23 | Raheja QBE General Insurance Company Limited | 17.21 | 12.58 | 52.80 | 37.45 | 0.09 | 41.00 |
24 | Edelweiss General Insurance Company Limited | 14.05 | 4.18 | 50.55 | 22.33 | 0.09 | ###### |
25 | NAVI General Insurance Limited | 7.52 | 14.67 | 18.08 | 56.14 | 0.03 | (67.80) |