After bit of a pressure from govt. of India, the public sector non-life insurers got serious towards growth & put-up good accretion numbers. Although, accretion wise the pvt sector companies took up the top three slots & National insurance, United India insurance, New India & oriental insurance were placed at no. 4,5,6 & 7 respectively, out of the total of 24 general insurers.

 

Accretion is the amount of premium increase & public sector put up a reasonable show in FY 22-23. United India once a laggard, surprised everyone with accretion of 1921.07 Cr. & was placed above the Indian non-life giant “New India Assurance”. It was told by the sources, that with induction of sum new faces at RO level & backing of the H.O. enthusiastic  management team, the company put up an improved show,

GROSS DIRECT PREMIUM INCOME UNDERWRITTEN BY NON-LIFE INSURERS WITHIN INDIA  (SEGMENT WISE) : FOR THE PERIOD UPTO March 2023 (PROVISIONAL & UNAUDITED ) IN FY 2022-23  (Rs. In Crs.)
Accretion
General Insurers
Tata AIG General Insurance Co Ltd3151.04
HDFC Ergo General Insurance Co Ltd3138.26
ICICI Lombard General Insurance Co Ltd3048.24
National Insurance Co Ltd2133.3
United India Insurance Co Ltd1921.07
The New India Assurance Co Ltd1913.31
The Oriental Insurance Co Ltd1886.61
SBI General Insurance Co Ltd1662.17
Bajaj Allianz General Insurance Co Ltd1648.06
Go Digit General Insurance Ltd1486.12
IFFCO-Tokio General Insurance Co Ltd1418.06
Cholamandalam MS General Insurance Co Ltd1331.87
Reliance General Insurance Co Ltd930.04
Magma HDI General Insurance Co Ltd776.96
Universal Sompo General Insurance Co Ltd646.96
Acko General Insurance Ltd521.19
Shriram General Insurance Co Ltd512.84
Royal Sundaram General Insurance Co Ltd512.82
Liberty  General Insurance Co. Ltd450.88
Future Generali India Insurance Co Ltd408.26
Kotak Mahindra General Insurance Co Ltd391.64
Zuno General Insurance Ltd $184.62
Raheja QBE General Insurance Co Ltd4.12
Navi General Insurance Co. Ltd-35.99
General Insurers Sub Total30042.44

 

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