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Oriental Insurance Company is not dominant in market for fire insurance services: CCI

May 17, 2019[2019] 105 247 (CCI)

Competition Act: Where market for general insurance/non-life insurance is competitive with presence of about 25 general insurers and all non-life insurance companies offer fire insurance policies and in terms of gross premium earned from fire segment of non-life insurance, OP i.e. Oriental Insurance Co., enjoyed a market share of about 10.1 per cent during 2016-17, which declined to about 8.6 per cent during 2017-18, OP was not in a position of dominance in relevant market for provision of fire insurance services in India and, therefore, no case of contravention of provision of section 4 was made out

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