The premium figures for the year 2020-21 are available now & oriental Insurance is the biggest looser in premium income with accretion of over 1200 crore & growth decline of 8.92%. Seventeen out of 25 non-life insurers have managed to recover rom the the Covid effect whereas the other eight have shown decline. leaving aside the HDC ergo which is having highest accretion due to merger with a life vertical sister concern, new India has the highest accretion figures of 1668 Cr. The other top performer is SBI General with growth rate of 21.59% & accretion of 1467 cr.
New age purely digital insurer is the biggest surprise with accretion of 649 Cr & growth rate of over 36%. Most of the business acquired is through the on-line mode & even the claim are being fast tracked through a digital platform.
GROSS DIRECT PREMIUM UNDERWRITTEN FOR THE YEAR 2020-21 (ACCREATION WISE)
Insurer | 20-21 | 19-20 | Mkt Share | Growth | Accreation |
| The Oriental Insurance Company Limited | 12452.11 | 13672.65 | 6.26569552 | -8.92687226 | -1222.6 |
| National Insurance Company Limited | 14180.98 | 15262.21 | 7.13563427 | -7.08436065 | -1073.2 |
| Royal Sundaram General Insurance Company Limited | 2822.513 | 3666.957 | 1.42024183 | -23.0284719 | -844.45 |
| United India Insurance Company Limited | 16710.94 | 17515.09 | 8.40866824 | -4.59118394 | -804.16 |
| Shriram General Insurance Company Limited | 2138.868 | 2466.191 | 1.07624298 | -13.2723983 | -327.32 |
| Bajaj Allianz General Insurance Company Limited | 12569.53 | 12779.77 | 6.32477745 | -1.64510893 | -210.3 |
| Liberty General Insurance Limited | 1445.711 | 1531.367 | 0.72745806 | -5.59342267 | -85.66 |
| NAVI General Insurance Limited | 104.3997 | 157.9914 | 0.05253219 | -33.920657 | -53.59 |
| Cholamandalam MS General Insurance Company Limited | 4400 | 4398.49 | 2.21400713 | 0.034329963 | 1.81 |
| Bharti AXA General Insurance Company Limited | 3159.91 | 3134.24 | 1.59001438 | 0.819018327 | 25.66 |
| Acko General Insurance Limited | 422.49 | 373.07 | 0.21258997 | 13.24684376 | 49.4 |
| Magma HDI General Insurance Company Limited | 1283.59 | 1224.77 | 0.64588123 | 4.802534353 | 58.82 |
| Edelweiss General Insurance Company Limited | 218.57 | 146.36 | 0.1099808 | 49.33725061 | 72.21 |
| Kotak Mahindra General Insurance Company Limited | 543.9923 | 433.3908 | 0.27372793 | 25.52005034 | 110.6 |
| Raheja QBE General Insurance Company Limited | 272.2179 | 158.116 | 0.13697554 | 72.16344357 | 114.11 |
| Universal Sompo General Insurance Company Limited | 3052.166 | 2859.055 | 1.53579959 | 6.754394649 | 193.11 |
| Future Generali India Insurance Company Limited | 3835.234 | 3417.494 | 1.92982645 | 12.22358182 | 417.73 |
| IFFCO Tokio General Insurance Company Limited | 8410.883 | 7961.04 | 4.23221723 | 5.650555158 | 449.84 |
| Go Digit General Insurance Limited | 2418.9 | 1767.856 | 1.21715031 | 36.82677655 | 649.77 |
| Tata AIG General Insurance Company Limited | 8042.062 | 7384.528 | 4.04663257 | 8.904217635 | 657.54 |
| ICICI Lombard General Insurance Company Limited | 14003.09 | 13312.84 | 7.04612297 | 5.184844105 | 690.23 |
| Reliance General Insurance Company Limited | 8310.28 | 7465.041 | 4.18159528 | 11.32262413 | 845.25 |
| SBI General Insurance Company Limited | 8264.86 | 6796.97 | 4.15874067 | 21.59624068 | 1467.9 |
| The New India Assurance Company Limited | 28481.65 | 26813.13 | 14.3314946 | 6.222772202 | 1668.55 |
| HDFC Ergo General insurance Company Limited | 12295.1 | 9629.59 | 6.18669069 | 27.68041007 | 2665.5 |
GROSS DIRECT PREMIUM UNDERWRITTEN FOR THE YEAR 2020-21 (Growth wise)
| Insurer | 20-21 | 19-20 | Mkt Share | Growth |
| NAVI General Insurance Limited | 104.399677 | 157.9913968 | 0.052532188 | -33.920657 |
| Royal Sundaram General Insurance Company Limited | 2822.513063 | 3666.957291 | 1.420241827 | -23.0284719 |
| Shriram General Insurance Company Limited | 2138.868052 | 2466.190706 | 1.07624298 | -13.2723983 |
| The Oriental Insurance Company Limited | 12452.11 | 13672.65 | 6.265695521 | -8.92687226 |
| National Insurance Company Limited | 14180.98 | 15262.21 | 7.135634272 | -7.08436065 |
| Liberty General Insurance Limited | 1445.711455 | 1531.367301 | 0.72745806 | -5.59342267 |
| United India Insurance Company Limited | 16710.94 | 17515.09 | 8.408668243 | -4.59118394 |
| Bajaj Allianz General Insurance Company Limited | 12569.52629 | 12779.76739 | 6.324777454 | -1.64510893 |
| Cholamandalam MS General Insurance Company Limited | 4400 | 4398.49 | 2.214007128 | 0.034329963 |
| Bharti AXA General Insurance Company Limited | 3159.91 | 3134.24 | 1.590014378 | 0.819018327 |
| Magma HDI General Insurance Company Limited | 1283.59 | 1224.77 | 0.645881229 | 4.802534353 |
| ICICI Lombard General Insurance Company Limited | 14003.09 | 13312.84 | 7.04612297 | 5.184844105 |
| IFFCO Tokio General Insurance Company Limited | 8410.883406 | 7961.040425 | 4.232217229 | 5.650555158 |
| The New India Assurance Company Limited | 28481.65 | 26813.13 | 14.33149457 | 6.222772202 |
| Universal Sompo General Insurance Company Limited | 3052.16642 | 2859.05459 | 1.535799593 | 6.754394649 |
| Tata AIG General Insurance Company Limited | 8042.06233 | 7384.527895 | 4.046632572 | 8.904217635 |
| Reliance General Insurance Company Limited | 8310.280027 | 7465.041444 | 4.181595276 | 11.32262413 |
| Future Generali India Insurance Company Limited | 3835.234437 | 3417.494233 | 1.92982645 | 12.22358182 |
| Acko General Insurance Limited | 422.49 | 373.07 | 0.212589971 | 13.24684376 |
| SBI General Insurance Company Limited | 8264.86 | 6796.97 | 4.15874067 | 21.59624068 |
| Kotak Mahindra General Insurance Company Limited | 543.9923196 | 433.3907755 | 0.273727926 | 25.52005034 |
| HDFC Ergo General insurance Company Limited | 12295.1 | 9629.59 | 6.186690689 | 27.68041007 |
| Go Digit General Insurance Limited | 2418.899783 | 1767.855564 | 1.217150309 | 36.82677655 |
| Edelweiss General Insurance Company Limited | 218.57 | 146.36 | 0.109980804 | 49.33725061 |
| Raheja QBE General Insurance Company Limited | 272.2179109 | 158.115977 | 0.136975544 | 72.16344357 |