UII income up by 14%, gains mkt share

After losing market share in the last few years, public sector general insurance major United India Insurance (UII) has seen its share increased substantially to 13.98% for the fiscal ended March 31, 2009 from 13.33 in the previous year. The premium income during the year under review grew 14.39% despite tough market conditions and increased competition, said G Srinivasan, chairman and managing director. Addressing the annual press conference in Chennai on Monday, he said: UII is the first public sector insurance company to increase its market share amidst stiff challenges from private players after the market was opened up way ...

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