News Asia11 Aug 2016

India:Private general insurer overtakes state-owned insurer

11 Aug 2016

Private-sector non-life insurer ICICI Lombard has overtaken state-owned Oriental Insurance to become the fourth largest general insurer in India in terms of gross written premium. This is a milestone development because it is the first time after the industry opened up in 2000 that a private insurer has surpassed a government-owned rival.

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