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Public sector insurance firms planning to list face high claim and solvency ratios and falling profitability. National Insurance and Oriental Insurance have solvency ratios below the required 1.50 per cent and United India and Oriental Insurance reported recent losses. New India Assurance and National Insurance, too, have seen a fall in profitability.
Investments of public sector general insurance companies stood at Rs 122,650 crore at the end of March 31, 2016, almost double the investments made by private sector companies. However, the state-owned companies are not allowed to account for these in their solvency ratios.
The market share
Investments of public sector general insurance companies stood at Rs 122,650 crore at the end of March 31, 2016, almost double the investments made by private sector companies. However, the state-owned companies are not allowed to account for these in their solvency ratios.
The market share
