Thread by @mystockedge

Sector Thread (Part 1): The Insurance Industry consists of 2 categories - Life Insurance and General Insurance. A total of 58 companies exist in the Indian Market of which 24 are Life Insurance and 34 are General Insurance companies. There is 1 reinsurance company in India. (1/n)

Industry growth reasons are attributed to four major factors - Product Innovation, Vibrant Distribution Channels, Targeted Publicity and Promotional Campaign by Insurers. (2/n)

There are 3 Public Sector and 3 Private Sector companies listed on BSE and NSE exchanges of India. (3/n)

Listed companies under the #insurance sector in India. (4/n)

Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. (5/n)

General Insurance Corporation of India Ltd. is the sole reinsurer in the domestic reinsurance market and provides reinsurance directly to general insurance companies. (6/n)

Stay tuned for Part 2 of this thread and Download the StockEdge App today to further your research on the Insurance Industry ! (n/n)

#insurance #lifeinsurance #sector #BSE #NSE #StockEdge