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


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