It is indeed, a remarkable growth in the General Insurance Industry. Given proper support and by removing unhealthy way of capturing business, the business is sure to increase manifold. The powerful resistance from the Transport Organisations in increasing the Motor Third Party Insurance premium by the four Public Sector Insurance Companies before private participation made them to suffer heavy losses by way of increased Third Party Liability awards which prevented the Four Public Sector Insurance Companies from further expansion of the market. Now the reverse is slowly taking place.
