Hit by economic slowdown, the general insurance industry clocked single digit growth of 9% compared to 12.6% last fiscal, according to Irda data. Among 16 non-life insurers, Reliance General is the only company which posted negative growth of 1.62%. The company earned a premium of Rs 1,914.87 crore during 2008-09 against Rs 1,946.42 crore in the previous fiscal. All the public and private sector companies taken together garnered a premium of Rs 30,601 crore as compared to Rs 28,052 crore a year ago, as per the Insurance Regulatory and Development Authority (Irda) data. Of the total premium, the share of ...

More...