Ad Here  
April
May
June
July
August
September
 
 
Land wars Hyundai to focus on SUVs and AMT variants AL introduces Guru & Partner L & T set bigger ambitions in defence business M & M unveils driverless technology for tractors Hindalco – re-rating Right to privacy – now it’s fundamental! Increasing market share AL secures orders for 3600 buses New India Assurance posts impressive show L&T profit up by 11 per cent Wabco launches safety system Record two-wheeler sales Maruti – for young buyers Titan Company – sales recovery to kick in Tata Motors joins compact SUV bandwagon with Nexon Tata gets 4-star rating for Zest Aurobindo Pharmacy: good turnaround When small is not so beautiful… From the toughest to the best year Mercedes-Benz sales continue to zoom TN government keen on revival of operations at Nokia complex TVS Srichakra plans capacity expansion PSU non-life firms seek to protect share Gamesa to set up a plant in Nellore Kone India eyes further growth in elevator market Eyes strong growth in 2016-17 L&T bags the Mumbai Trans-harbour link order Tata Steel, ThyssenKrupp sign MoU to merge European units A welcome initiative-even critics are recognised LVB posts 31 per cent growth in Q1 net profit AL wins Deming prize again ITC – steep excise hike A niche in FMCG business... Last stages Michelin to double Chennai capacity Tata Motors charts investments in PV and CV businesses Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Hyundai India achieves 7 mn production at Chennai factory Is this a generation gap? Welcome focus to improve rural India... Rane targets Rs.5500 crore topline by 2018-19 Toyota and Suzuki to introduce EVs in India by 2020 Smartphone onslaught by Chinese brands Back in growth mode L & T’s floating dock for navy Bajaj Finserv – Q1: fare well Forging industry worried over lower supply of steel and its price Smooth sailing of SAIL Daimler’s truck exports from Chennai cross 5000 units Shriram Life clocks more than Rs.1000 crore premium in 2015-16 It takes two to tango Preparing for the next growth curve TI Cycles plans retail expansion to drive sales for premium bicycles Consolidating leadership position in smartphones Solar installations exceed 2015 capacity in five months 29 per cent jump in TCS revenues Singur minus Nano – victory or folly? Sundram Fasteners rejigs international Emami – a new growth mantra Yamaha unveils scooter boutique Tata Motors aims to be among the Top 3 global CV & PV firm The gainers and the losers Daimler grows sales and share in India Ode to Ratan Tata HPCL plans Rs.61,000 crore capex over 5-years Tata Motors bets on new launches IOB on turnaround path The unexpected exit Vellayan is back, after 150 days Sivasankaran enters taxi space to take on Uber and Ola Nissan exit shouldn’t affect ALL V-Guard launches app-enabled water heater system He excels in the nuts and bolts of entrepreneurship ITC chairman calls for policy impetus to transform agriculture E.I.D Parry (India) Ltd: another sweet year RoC in the dock... TVS Automobile invests Rs.75 crore in start-up firms PPP model for infrastructure development Housing demand revival Carnival Films acquiring 3000 screens pan India Are they really independent? Dish TV – subscriber additions encouraging CAPITAL NOTES Chinese smart phones flourish in small towns too!
 
PSU non-life firms seek to protect share

FACING intense competition from private firms, public sector general insurance companies are turning aggressive to protect their market share.

With about 26 players fighting to take the share of PSU non-life insurers, which account for half of the market, PSU general insurance firms are not letting the private players eat their pie just like that.

During April-October 2016 period, combined market share of four PSU non-life insurers stood at 48 per cent when compared with 50 per cent in a year-ago period.

Among the PSU non-life firms, only National Insurance saw a dip in share to 11.11 per cent from 12.5 per cent a year ago. Others such as New India Assurance (15 per cent), United India Insurance (13 per cent) and Oriental Insurance (9 per cent) managed to protect or marginally increase their share during this fiscal.

Among the PSUs, United India Insurance is the fastest growing company with about 34 per cent increase in premium underwritten during first seven months of 

this fiscal.

In private sector segment, ICICI Lombard leads the table with about nine per cent market share, followed by Balaj Allianz (six per cent), HDFC Ergo General (four per cent), Reliance General (3.61 per cent), IFFCO-Tokio (3.46 per cent) and Tata-AIG (3.41 per cent).

Star Health & Allied Insurance leads among the standalone health insurers with about two per cent share.


Author :
Reported On :
Sector :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com