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.