Released on = June 1, 2006, 10:11 pm

Press Release Author = RNCOS

Industry = Financial

Press Release Summary = RNCOS Research: (http://www.rncos.com/Report/FM004.htm)
Insurance industry in India is thriving with non life insurance sector being the
major contributor.

Press Release Body = RNCOS Research: (http://www.rncos.com/Report/FM004.htm) Stirred
by the unusual growth in the health insurance and automobile sector, the non-life
insurance sector in India has demonstrated an exceptional growth during the FY
2005-06.

At the end of the fiscal year 2005-06, the total premium countersigned stood at
$4.4bn as compared to $3.8bn in FY05. With regard to the premium underwritten, there
was a growth of 17% in the domestic non-life insurance sector in India. Around 74%
of the spurt was carried out by public players whereas the contribution made by the
private sector remained 26% last year.

By contributing more than 74%, to this growth, public sector dominated the entire
market during FY 2005-06. Contribution from the private sector was calculated to be
around 26%, which is significantly lesser as compared to the public sector.

The non life insurance industry in India has grown above 80% within the last five
years. With 81% contribution, public sector companies accounted for almost the
entire market share. However, the private sector companies had to content with a
meager 19% of market share.

As per a recent market research report named, "Indian Insurance Industry Forecast
(2007-2009)" published by RNCOS, "The present growth in the non life insurance
sector is anticipated to continue in the years to come. Growing at the Compound
Annual Growth Rate of 13%, the insurance market in India shall touch the mark of $9
billion by 2009".

"In spite of the entry of new companies and nationalized banks in the insurance
sector in India, the Public Sector Life Insurance Corporation still holds a
substantial share of 72%", as per experts at RNCOS.

Key facts and issues analyzed in this report:

· Profiles of key players, including Bajaj Allianz, ICICI Prudential, Birla Sunlife,
TATA AIG and ICICI Lombard, in this sector.
· Detailed discussion of the current market scenario as well as future prospects of
the insurance industry in India.
· Overview of the influence of various government policies on the overall growth of
this sector.

The report covers each and every aspect of the Indian as well as global insurance
industry. Hence, it's a valuable document for the foreign investors and corporates
who intend to get into the Indian insurance industry.

About RNCOS:
RNCOS, formed in 2002, offers Market Research Reports for your business needs and
aims to put an end to your information pursuit. Our expertise in gathering global
business information for industry research, corporate training, growth consulting,
and business consulting, brings reputed companies and firms to us for business
enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

To purchase your copy: http://www.rncos.com/Report/FM004.htm
For more information about the report please visit www.rncos.com


Web Site = http://www.rncos.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial area, Delhi 92
91-11-4214-1229
info@rncos.com