Results of the Indian non life insurance market

The Indian non life insurance market generated a turnover of 1.507 billion INR (23.2 billion USD) in the financial year ending on March 31, 2018, up by 17% compared to the previous year.

Private insurers posted a 21.6% growth while their public counterparts (National Insurance, New India Insurance, Oriental Insurance and United India) recorded a more moderate increase of 13% accounting for 45.1% of the market shares against 43.4% for the private actors.

Health and specialist insurers hold respectively 5.5% and 6% of the overall underwritings.

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