News and Updates

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

 

 

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