Key Points
Private general insurers increased their combined market share to 53.58% in gross direct premium underwritten in the first half of the current financial year from 50.81% in the year-ago period..
As many as 31 insurers from the non-life industry had underwritten gross direct premiums of 1.43 lakh crore in the first half of the current financial year, according to data on segment-wise gross direct premiums up to September 2023 released by Insurance Regulatory and Development Authority of India (Irdai)..
Private insurers registered an annual increase of 14.86% in gross direct premiums...
"Private general insurers have a combined market share of 53.58% YTD September 2023 with a growth rate of 21.13% as compared to a market share of 50.81% YTD September 2022 with a growth rate of 21.33%," Irdai said..
. PSU general insurers had a combined market share of 31.99% during April-September, 2023 period with a growth rate of 12.16% as compared to a market share of 32.76% in the corresponding period of the last financial year, 2022 with a growth rate of 6.43%...
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