Substantive growth expected in non-life insurance

Iffco-Tokio, owned at 74% by Indian Farmers Fertiliser Cooperative (Iffco) and at 26% by the Japanese Tokio Marine, is expecting a 20% increase of its non-life turnover in the 2010 fiscal year. Growth rate has reached 22% for the first six months of the year. The good performance of the Indian market is poised to continue in 2011 at a pace of about 15% against 12% to 13% in the previous years. The Indian non-life market totaled premiums worth 7.8 billion USD in 2009.