Indian insurance market in 2022

March 07, 2023
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Figures in millions

Class of business2022 turnover2021 turnover2021-2022 evolution (1)2022 shares
INRUSDINRUSD
Motor
704 3359 311677 9229 2403.90%7.72%
Health
805 02310 642637 5298 69026.27%8.82%
Fire
215 5102 849201 1292 7417.15%2.36%
Marine
41 67655134 88147619.48%0.46%
Other risks
440 4585 823435 6865 9381.10%4.82%
 Total non-life2 207 00229 1761 987 14727 08511.06%24.18%
Total life6 921 94491 5086 283 30785 64110.16%75.82%
Grand total9 128 946120 6848 270 454112 72610.38%100%

(1) Evolution of premiums in INR
Indicators as at 31 March.
Exchange rate as of 03/31/2022: 1 INR = 0.01322 USD; 3/31/2021: INR 1 = USD 0.01363

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Figures in millions

Class of business2022 turnover2021 turnover2021-2022 evolution (1)2022 shares
INRUSDINRUSD
Motor
704 3359 311677 9229 2403.90%7.72%
Health
805 02310 642637 5298 69026.27%8.82%
Fire
215 5102 849201 1292 7417.15%2.36%
Marine
41 67655134 88147619.48%0.46%
Other risks
440 4585 823435 6865 9381.10%4.82%
 Total non-life2 207 00229 1761 987 14727 08511.06%24.18%
Total life6 921 94491 5086 283 30785 64110.16%75.82%
Grand total9 128 946120 6848 270 454112 72610.38%100%

(1) Evolution of premiums in INR
Indicators as at 31 March.
Exchange rate as of 03/31/2022: 1 INR = 0.01322 USD; 3/31/2021: INR 1 = USD 0.01363

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