Thursday, July 13, 2006
General insurance sector logs 21% growth in April-May
Source: financialexpress.com
The general insurance industry grew 21% in April-May that saw private player ICICI Lombard fast grasp up with the top four public sector insurers.
Another significant development was the entrance of Star Health and Allied Insurance, the first stand-alone health insurance company in India on May 18
The 12 non-life insurers composed Rs 4,717 crore in premiums during the initial two months of 2006-07 as compared to Rs 3,877 crore during the equivalent period last year, according to data compiled by watchdog IRDA.
Surprising the four PSU insurers — New India Assurance, Oriental Insurance, United India and National Insurance - ICICI Lombard captured 12.49% of the market with a collection of Rs 589.5 crore.
Source: financialexpress.com
The general insurance industry grew 21% in April-May that saw private player ICICI Lombard fast grasp up with the top four public sector insurers.
Another significant development was the entrance of Star Health and Allied Insurance, the first stand-alone health insurance company in India on May 18
The 12 non-life insurers composed Rs 4,717 crore in premiums during the initial two months of 2006-07 as compared to Rs 3,877 crore during the equivalent period last year, according to data compiled by watchdog IRDA.
Surprising the four PSU insurers — New India Assurance, Oriental Insurance, United India and National Insurance - ICICI Lombard captured 12.49% of the market with a collection of Rs 589.5 crore.
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