ICICI Securities: General Insurance Sector Update - Motor Premiums Start To Improve; Retail Health Remains Robust

ICICI Securities: General Insurance Sector Update - Motor Premiums Start To Improve; Retail Health Remains Robust

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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

There is a noticeable recovery in motor premium growth in October across the industry with ICICI Lombard General Insurance Company Ltd. continuing to outperform in this category.

We continue to remain constructive on non-life insurance space driven by -

  1. expected recovery in motor premiums,
  2. expected price hike in motor third party in FY22,
  3. moderating Covid-19 claims,
  4. strong growth in health premiums and
  5. players like Ping AN P&C Ltd. and China Life Insurance Company Ltd. have seen a moderation in life premiums growth while non-life continues to exhibit strong growth.

Click on the attachment to read the full report:

ICICI Securities General Insurance Segment report Monthly Nov20.pdf
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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

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