Private sector
general insurers gained their combined market share to 44% in 2013-14 (FY14) de
spite the depressed economic scenario, at the cost of the state-owned insurers,
show the data from the regulator Insurance Regulatory and Development
Authority. (IRDA).
Private sector
general insurers had a combined market share in terms of gross premium
collection at 44% in FY14, up from 42.77 %, while public sector companies'
share declined to 55.84 %, from 57.04 %, according to the IRDA data.
Some of the private
sector non-life insurers, which gained market share during the year include
Bajaj Allianz, HDFC Ergo, SBI General, Reliance General & Bharti Axa.
However, private
sector leader ICICI Lombard lost market share marginally to 8.84 % from 8.88 %
during the previous year. Other private-sector general insurers that were the
losers include Royal Sundaram, Tata AIG, Universal Sompo & Shriram General.
No comments:
Post a Comment