In financial year 2021, private insurers overtook the public insurers in India's general insurance sector in terms of the market share with more than 49 percent compared to around 36 percent share held by public insurers. Specialized insurers held the lowest market share at 6.6 percent.
Market share of general insurers in India from financial year 2017 to 2021, by type of insurer
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IRDA (India). (December 23, 2021). Market share of general insurers in India from financial year 2017 to 2021, by type of insurer [Graph]. In Statista. Retrieved August 08, 2022, from https://www.statista.com/statistics/656287/non-life-insurers-market-share-india/
IRDA (India). "Market share of general insurers in India from financial year 2017 to 2021, by type of insurer." Chart. December 23, 2021. Statista. Accessed August 08, 2022. https://www.statista.com/statistics/656287/non-life-insurers-market-share-india/
IRDA (India). (2021). Market share of general insurers in India from financial year 2017 to 2021, by type of insurer. Statista. Statista Inc.. Accessed: August 08, 2022. https://www.statista.com/statistics/656287/non-life-insurers-market-share-india/
IRDA (India). "Market Share of General Insurers in India from Financial Year 2017 to 2021, by Type of Insurer." Statista, Statista Inc., 23 Dec 2021, https://www.statista.com/statistics/656287/non-life-insurers-market-share-india/
IRDA (India), Market share of general insurers in India from financial year 2017 to 2021, by type of insurer Statista, https://www.statista.com/statistics/656287/non-life-insurers-market-share-india/ (last visited August 08, 2022)