Tag: market share

MUMBAI: For the first time, state-owned general insurers account for less than a third of the industry, with the larger private non-life companies consolidating their position and increasing market share. Public sector insurers saw their premium income decline by 1% during the year's first five months. Compared to Rs 37,100 crore last year, their premium this year stood at Rs 34,203 crore. As a result, their market share dipped to 32.5% from 33.4% last year. In another first, standalone health insurers' market share rose to double digits at...