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BimaDeals
Insurance by Choice not by Chance !

Health & Motor Insurance are the growth drivers In Non Life Insurance

Health and Motor Insurance are two segments which grew more than 50% in the last fiscal year. These two segments are where the growth was for all Non life insurance companies.The growth in Health was 55% where as in Motor Insurance it was 50%.

Among the companies New India Insurance was leader in Health Insurance with 24.3% market share wherre as Icici was second with 17% market share.

So with the end of 2008 the dynamics of Industry has changed to
Health and Motor Insurance. With the fall of Fire(property) insurance Industry is trying to get aggresive in the above two segments.