BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Gross domestic premium income for non-life insurers grew 22% YoY in April 2021, of which, private players’ GDPI grew 28.5% YoY and that of their public sector undertaking counterparts grew 14.8% YoY, respectively.
However, YoY comparison has a benefit of low base because April 2020 was impacted by Covid-19 led lockdown.
Hence, we have compared the growth of April-21 GDPI over average monthly GDPI of H2 FY21.
ICICI Lombard General Insurance Company Ltd.’s April-21 GDPI of Rs 17.7 billion was 41% higher compared to H2 FY21 monthly average of H2 FY21.
Auto registrations dipped 22-27% across segments on month-on-month basis.
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