Out of 10000 surveyors in india, most of the them deal in motor claims  & are highly dependent on this vertical of public sector companies for their livelihood. But aggressive Pvt insurers are able to drive out the PSU’s from the same. As per the premium figures  available up to the month of December, 2021 for motor own damage vertical, the Pvt sector has procured the motor OD premium of Rs. 14928 Cr whereas the public sector is lagging at Rs. 4625 Cr only. Accordingly while the pvt sector has shown the growth of 8.22 % whereas the public sector is in negative mode with decline of -5.17 %. The market share of the public sector has sharply come down to 23.65% in comparison to Pvt insurer’s market share of 76.35 percent.

 

Premium figures of Motor-OD vertical up to Dec 2021

 

Sl No. Insurer For/ Up to the month Particulars Motor OD
1 Acko For the month Current year 15.76
Previous year 9.53
Growth 65.34%
Up to the month Current year 104.19
Previous year 55.05
Growth 89.26%
2 Bajaj For the month Current year 191.38
Previous year 202.92
Growth -5.68%
Up to the month Current year 1478.07
Previous year 1444.12
Growth 2.35%
3 Bharti# For the month Current year 0.00
Previous year 83.50
Growth -100.00%
Up to the month Current year 0.00
Previous year 556.55
Growth NA
4 Chola For the month Current year 112.95
Previous year 97.07
Growth 16.35%
Up to the month Current year 880.94
Previous year 741.54
Growth 18.80%
5 NAVI For the month Current year 0.73
Previous year 0.81
Growth -9.86%
Up to the month Current year 6.91
Previous year 13.50
Growth -48.83%
6 Edelweiss For the month Current year 12.83
Previous year 7.77
Growth 65.06%
Up to the month Current year 82.91
Previous year 46.35
Growth 78.90%
7 Future For the month Current year 56.06
Previous year 56.59
Growth -0.94%
Up to the month Current year 507.77
Previous year 441.93
Growth 14.90%
8 GoDigit For the month Current year 80.39
Previous year 52.84
Growth 52.14%
Up to the month Current year 561.26
Previous year 355.96
Growth 57.68%
9 HDFCErgo For the month Current year 148.93
Previous year 145.66
Growth 2.25%
Up to the month Current year 1118.76
Previous year 1078.51
Growth 3.73%
10 ICICI For the month Current year 399.60
Previous year 362.94
Growth 10.10%
Up to the month Current year 2914.92
Previous year 2734.42
Growth 6.60%
11 Iffco For the month Current year 161.19
Previous year 153.83
Growth 4.79%
Up to the month Current year 1226.31
Previous year 1206.48
Growth 1.64%
12 Kotak For the month Current year 29.95
Previous year 16.87
Growth 77.60%
Up to the month Current year 155.62
Previous year 106.56
Growth 46.04%
13 Liberty For the month Current year 45.94
Previous year 53.92
Growth -14.79%
Up to the month Current year 367.98
Previous year 396.49
Growth -7.19%
14 Magma For the month Current year 43.08
Previous year 27.35
Growth 57.49%
Up to the month Current year 290.80
Previous year 195.69
Growth 48.60%
15 Raheja For the month Current year 19.12
Previous year 18.25
Growth 4.80%
Up to the month Current year 138.86
Previous year 75.14
Growth 84.80%
16 Reliance For the month Current year 149.72
Previous year 130.06
Growth 15.12%
Up to the month Current year 1168.51
Previous year 897.42
Growth 30.21%
17 Royal For the month Current year 90.07
Previous year 93.28
Growth -3.44%
Up to the month Current year 733.46
Previous year 724.72
Growth 1.21%
18 SBI For the month Current year 121.08
Previous year 103.45
Growth 17.05%
Up to the month Current year 807.28
Previous year 579.95
Growth 39.20%
19 Shriram For the month Current year 30.11
Previous year 39.32
Growth -23.43%
Up to the month Current year 259.00
Previous year 355.37
Growth -27.12%
20 TataAIG For the month Current year 223.79
Previous year 201.65
Growth 10.98%
Up to the month Current year 1637.37
Previous year 1468.58
Growth 11.49%
21 Universal For the month Current year 75.74
Previous year 47.82
Growth 58.40%
Up to the month Current year 487.77
Previous year 320.12
Growth 52.37%
PVT Total For the month Current year 2,008.44
Previous year 1,905.41
Growth 5.41%
Up to the month Current year 14,928.70
Previous year 13,794.43
Growth 8.22%
1 National For the month Current year 139.43
Previous year 145.27
Growth -4.02%
Up to the month Current year 1095.06
Previous year 1101.51
Growth -0.59%
2 NewIndia For the month Current year 272.33
Previous year 268.44
Growth 1.45%
Up to the month Current year 1861.66
Previous year 1985.30
Growth -6.23%
3 Oriental For the month Current year 88.25
Previous year 100.47
Growth -12.16%
Up to the month Current year 636.69
Previous year 739.88
Growth -13.95%
4 United For the month Current year 137.41
Previous year 140.44
Growth -2.16%
Up to the month Current year 1032.25
Previous year 1051.34
Growth -1.82%
PSU Total For the month Current year 637.42
Previous year 654.61
Growth -2.63%
Up to the month Current year 4,625.66
Previous year 4,878.03
Growth -5.17%

 

Leaving aside the “new india” No other public sector companey figure in the top 5 list.

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