P162 | Management of Miscellaneous Insurance Business (Non-Life)

Traditionally, miscellaneous insurance comprised of several lines of business including property, health, personal accident, travel, aviation, liability, employer's liability, rural & micro. With time, the portfolio has undergone changes. Health insurance over the last decade has grown phenomenally and currently constitutes 22% of the general insurance business. As per health insurance regulation, health insurance comprises health, PA & travel. Crop insurance has assumed significance over the last 5 years. Separate regulation has been introduced for micro insurance. Liability insurance especially D&O, PI and Cyber gaining foothold. The share of miscellaneous insurance excluding health & crop is currently low. Sales & marketing challenges are manifold and requires knowledge of products, regulations, innovations, market trends, effective underwriting and claims management.