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May 2017 The Indian insurance market generated in 2016 a total turnover of 12 700 billion INR (187.198 billion USD), a 32% increase in comparison with the previous year. The growth of agricultural risks and the recovery of motor sales account for this evolution.
Private insurance companies reported sustained growth of 35.7%. Among those companies, HDFC Ergo exhibits a turnover on the rise by 72.8% and Iffco Tokio with 49% in growth.
The public sector which includes, inter alia, New India, United India, Oriental Insurance and National Insurance achieved a more moderate growth of 29%.
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