The Gross direct premium data upto February 2020 for the non-life insurers is now available. The new India Assurance co. is way ahead of the other public as well pvt. sector insurers. United India is no. 2 keeping distance with the others by some good margin. All the public sector insurers along with the ICICI Lombard are on top of the table but Bajaj Allianz is fast catching up with over 20% growth & may cross the Oriental Ins. & icici Lombard by the year end.

 

Gross Permium wise Leads:

Name

Mkt share

Upto Feb-20

Upto Feb-19

Growth %

1 The New India Assurance Company Limited           14.25   24,687.55       21,360.14          15.58
2 United India Insurance Company Limited             9.12   15,805.75       14,796.72            6.82
3 National Insurance Company Limited             7.82   13,541.62       13,031.47            3.91
4 ICICI Lombard General Insurance Company Limited             7.25   12,569.11       13,588.79           (7.50)
5 The Oriental Insurance Company Limited             7.10   12,302.08       11,679.48            5.33
6 Bajaj Allianz General Insurance Company Limited             6.96   12,052.03       10,037.79          20.07
7 HDFC Ergo General insurance Company Limited             4.88     8,458.10         7,884.49            7.28
8 IFFCO Tokio General Insurance Company Limited             4.24     7,341.55         6,095.68          20.44
9 Reliance General Insurance Company Limited             4.03     6,989.95         5,679.24          23.08
10 Tata AIG General Insurance Company Limited             3.96     6,856.50         7,078.70           (3.14)
11 SBI General Insurance Company Limited             3.52     6,101.11         3,970.74          53.65
12 Cholamandalam MS General Insurance Company Limited             2.32     4,028.00         3,957.98            1.77
13 Royal Sundaram General Insurance Company Limited             1.98     3,425.89         2,889.60          18.56
14 Future Generali India Insurance Company Limited             1.80     3,118.60         2,219.13          40.53
15 Bharti AXA General Insurance Company Limited             1.68     2,905.15         2,028.46          43.22
16 Universal Sompo General Insurance Company Limited             1.50     2,603.75         2,701.31           (3.61)
17 Shriram General Insurance Company Limited             1.28     2,219.02         2,071.54            7.12
18 Go Digit General Insurance Limited             1.13     1,962.70            724.30        170.98
19 Liberty General Insurance  Limited             0.82     1,422.91         1,024.09          38.94
20 Magma HDI General Insurance Company Limited             0.66     1,140.66            844.86          35.01
21 Kotak Mahindra General Insurance Company Limited             0.23        393.00            264.82          48.40
22 Acko General Insurance Limited             0.20        341.40            118.54        188.00
23 DHFL General Insurance Limited             0.09        150.34            230.13         (34.67)
24 Edelweiss General Insurance Company Limited             0.08        133.94              84.29          58.90
25 Raheja QBE General Insurance Company Limited             0.08        131.47              96.85          35.75

 

Growth wise leads:

Here also the New india Assurance despite biggest premium base in the industry is able to maintain very healthy growth rate of 15%.Some Pvt. insurers are also showing very high growth rate with ” GO Digit” leading the pack with 170% increase But this can be attributed to their smaller premium base. However the pvt sector co. Bajaj Allianz having big base of over Rs. 10000 rore has grown at the rate 20% which is a remarkable achievement, in this period of economic slow down. The SBI General Insurance has also grown with very high growth rate of 50%.The other big Pvt. sector insurer ICICI Lombard however has shown the decline of 7% till feb 2020.

 

Name

Growth %

Upto Feb-20

Upto Feb-19

Mkt share

1 Acko General Insurance Limited         188.00        341.40            118.54            0.20
2 Go Digit General Insurance Limited         170.98     1,962.70            724.30            1.13
3 Edelweiss General Insurance Company Limited           58.90        133.94              84.29            0.08
4 SBI General Insurance Company Limited           53.65     6,101.11         3,970.74            3.52
5 Kotak Mahindra General Insurance Company Limited           48.40        393.00            264.82            0.23
6 Bharti AXA General Insurance Company Limited           43.22     2,905.15         2,028.46            1.68
7 Future Generali India Insurance Company Limited           40.53     3,118.60         2,219.13            1.80
8 Liberty General Insurance  Limited           38.94     1,422.91         1,024.09            0.82
9 Raheja QBE General Insurance Company Limited           35.75        131.47              96.85            0.08
10 Magma HDI General Insurance Company Limited           35.01     1,140.66            844.86            0.66
11 Reliance General Insurance Company Limited           23.08     6,989.95         5,679.24            4.03
12 IFFCO Tokio General Insurance Company Limited           20.44     7,341.55         6,095.68            4.24
13 Bajaj Allianz General Insurance Company Limited           20.07   12,052.03       10,037.79            6.96
14 Royal Sundaram General Insurance Company Limited           18.56     3,425.89         2,889.60            1.98
15 The New India Assurance Company Limited           15.58   24,687.55       21,360.14          14.25
16 HDFC Ergo General insurance Company Limited             7.28     8,458.10         7,884.49            4.88
17 Shriram General Insurance Company Limited             7.12     2,219.02         2,071.54            1.28
18 United India Insurance Company Limited             6.82   15,805.75       14,796.72            9.12
19 The Oriental Insurance Company Limited             5.33   12,302.08       11,679.48            7.10
20 National Insurance Company Limited             3.91   13,541.62       13,031.47            7.82
21 Cholamandalam MS General Insurance Company Limited             1.77     4,028.00         3,957.98            2.32
22 Tata AIG General Insurance Company Limited            (3.14)     6,856.50         7,078.70            3.96
23 Universal Sompo General Insurance Company Limited            (3.61)     2,603.75         2,701.31            1.50
24 ICICI Lombard General Insurance Company Limited            (7.50)   12,569.11       13,588.79            7.25
25 DHFL General Insurance Limited          (34.67)        150.34            230.13            0.09

 

Market share of the the public sector insurers is declining with each passing month & year. Only New India is maintaining the balance between PVt & public sector Insurers.

Market Share wise leads

 

Name

 

Mkt share

upto Feb-20

Upto Feb-20

Upto Feb-19

Growth %

1 The New India Assurance Company Limited           14.25   24,687.55       21,360.14          15.58
2 United India Insurance Company Limited             9.12   15,805.75       14,796.72            6.82
3 National Insurance Company Limited             7.82   13,541.62       13,031.47            3.91
4 ICICI Lombard General Insurance Company Limited             7.25   12,569.11       13,588.79           (7.50)
5 The Oriental Insurance Company Limited             7.10   12,302.08       11,679.48            5.33
6 Bajaj Allianz General Insurance Company Limited             6.96   12,052.03       10,037.79          20.07
7 HDFC Ergo General insurance Company Limited             4.88     8,458.10         7,884.49            7.28
8 IFFCO Tokio General Insurance Company Limited             4.24     7,341.55         6,095.68          20.44
9 Reliance General Insurance Company Limited             4.03     6,989.95         5,679.24          23.08
10 Tata AIG General Insurance Company Limited             3.96     6,856.50         7,078.70           (3.14)
11 SBI General Insurance Company Limited             3.52     6,101.11         3,970.74          53.65
12 Cholamandalam MS General Insurance Company Limited             2.32     4,028.00         3,957.98            1.77
13 Royal Sundaram General Insurance Company Limited             1.98     3,425.89         2,889.60          18.56
14 Future Generali India Insurance Company Limited             1.80     3,118.60         2,219.13          40.53
15 Bharti AXA General Insurance Company Limited             1.68     2,905.15         2,028.46          43.22
16 Universal Sompo General Insurance Company Limited             1.50     2,603.75         2,701.31           (3.61)
17 Shriram General Insurance Company Limited             1.28     2,219.02         2,071.54            7.12
18 Go Digit General Insurance Limited             1.13     1,962.70            724.30        170.98
19 Liberty General Insurance  Limited             0.82     1,422.91         1,024.09          38.94
20 Magma HDI General Insurance Company Limited             0.66     1,140.66            844.86          35.01
21 Kotak Mahindra General Insurance Company Limited             0.23        393.00            264.82          48.40
22 Acko General Insurance Limited             0.20        341.40            118.54        188.00
23 DHFL General Insurance Limited             0.09        150.34            230.13         (34.67)
24 Edelweiss General Insurance Company Limited             0.08        133.94              84.29          58.90
25 Raheja QBE General Insurance Company Limited             0.08        131.47              96.85          35.75

 

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