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| Non-life sector enjoys premium growth of 15% in Jan 2010 | |||
| India's general insurance industry saw premium collection grow by 15 % to Rs29.98 billion (US$650 million) in January as compared to the same month a year ago, according to monthly data released by the insurance sector watchdog, the IRDA. Last month, private sector general insurers underwrote premium of Rs13.25 billion, up 20.5% compared to January last year. The country's four public sector general insurers collected premiums totalling Rs16.72 billion in January, representing a year-on-year increase of 11.6%. The more rapid premium growth of the 13 privately-run nonlife insurers has allowed them to capture a 44.2% share of the market in January. Among the government-run players, United India Insurance registered the highest growth at 21% to Rs4.24 billion while New India Assurance registered the lowest at 4% to Rs4.73 billion. |
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| Ins Communications Pte Ltd · 69 Amoy Street, Singapore 069 888 Tel: (65) 6224 5583 · Fax: (65) 6224 1091 http://www.asiainsurancereview.com/pages/e-weekly.asp?country=3 Published: 9/9/2010 9:32:09 PM © 2010 All rights reserved |
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