The non-life insurance industry has recorded a marginal growth in premium collection on the back of rise in auto sales last month
As per the data collated from the companies, the general insurance industry posted a growth of 6.72 per cent in premium collection to the extent of Rs 11,684 crore in April-July 2009 as compared to Rs 10,947.8 crore in the corresponding period last year. The industry has reported a growth of 4.57 per cent during the April-June 2009.
In the current fiscal, the private players grew at 4.21 per cent in April-July as against 1.21 per cent in April-June while the public sector companies reported a growth of 8.52 per cent in April-July as compared to 7.01 per cent in April-June. The auto sales in July zoomed 24.3 per cent while domestic car sales shot up 31 per cent and commercial vehicles grew by 9.6 per cent in sales.
The private players like ICICI Lombard and Bajaj Allianz General Insurance have reported a fall of 18.3 per cent and 12.61 per cent, respectively, in premium collection.
As per the data collated from the companies, the general insurance industry posted a growth of 6.72 per cent in premium collection to the extent of Rs 11,684 crore in April-July 2009 as compared to Rs 10,947.8 crore in the corresponding period last year. The industry has reported a growth of 4.57 per cent during the April-June 2009.
In the current fiscal, the private players grew at 4.21 per cent in April-July as against 1.21 per cent in April-June while the public sector companies reported a growth of 8.52 per cent in April-July as compared to 7.01 per cent in April-June. The auto sales in July zoomed 24.3 per cent while domestic car sales shot up 31 per cent and commercial vehicles grew by 9.6 per cent in sales.
The private players like ICICI Lombard and Bajaj Allianz General Insurance have reported a fall of 18.3 per cent and 12.61 per cent, respectively, in premium collection.
No comments:
Post a Comment