ICICI Securities: Standalone Health Insurers Outperform

Gross direct premium income of standalone health insurance firms rose 28% year-on-year in September 2020, ICICI Securities says.

Image of a stethoscope used for representational purposes.

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

September 2020 gross direct premium income dipped 4% YoY after three consecutive months of positive growth.

The dip could be due to large base of crop insurance in September 2019.

Monthly average run rate of crop GDPI in FY20 was Rs 27 billion and September 2019 saw GDPI of Rs 109 billion.

Standalone health insurers continue to witness robust GDPI growth of 38% and 28% YoY in FY21-to-date and September 2020 respectively.

Click on the attachment to read the full report:

ICICI Securities General Insurance Monthly Oct20.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