ICICI Securities: India’s Insurance Sector Shows Increasing Signs Of Premium Growth Recovery

ICICI Securities: India’s Insurance Sector Shows Increasing Signs Of Premium Growth Recovery

An agent selling insurance products to customers. )Photographer: Brendon Thorne/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

There is a steady recovery in life and non-life insurance premium growth across the world in the wake of the Covid-19 impact. Some of the important narratives that have surfaced include:

  1. steady outlook for insurance growth in emerging economies with global total premiums expected to reach pre-pandemic levels by end of 2021;
  2. better picture for non-life insurance growth driven by (a) rate hikes in property and casualty (P&C) reinsurance, (b) increased demand for health products, and (c) relatively inelastic demand for personal non-life segments; and
  3. manageable total P&C Covid-19 losses, which is expected in the range of 50 billion U.S. dollar -80 billion U.S. dollar.

Click on the attachment to read the full report:

ICICI Securities Insurance Sector Update.pdf
Read Document

DISCLAIMER

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.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all
Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES