Insurance - Health Remains Prime Mover In Non-Life While ULIPs Gain Life In Life Insurance: ICICI Securities

Insurance - Health Remains Prime Mover In Non-Life While ULIPs Gain Life In Life Insurance: ICICI Securities

A nurse uses a pulse oximeter on  a patient at her home.   (Photographer: John Taggart/Bloomberg)  

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

Key segmental trends for non-life insurance are:

  1. continued outperformance in health segment (led by standalone health insurance) and

  2. lackluster motor gross direct premium income growth.

Basis FY22-to-date total GDPI (April-November 2021), market share improved for new India / go-digit / TATA AIA by 110 basis points / 80 bps / 13 bps to 15.4% / 1.9% / 4.3%, while ICICI Lombard General Insurance Company Ltd. market share declined 76 bps YoY to 8.3% over same period last year.

Within life insurance, unit linked insurance plan mix is on the rise while group segment continues to drive major sum assured growth.

However, SBI Life Insurance Company Ltd. has maintained healthy growth in retail sum assured in Nov-21-to-date.

Click on the attachment to read the full report:

ICICI Securities Insurance Sector Update.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 author entity and do not represent the views of BloombergQuint.

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