Anand Rathi: The Impact Of Covid-19 Eases For Life Insurers; Growth Recovery In July Due To Further Easing Of Restrictions
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.
Anand Rathi Report
With the government further easing restrictions across the country, the business recovery of life insurers continued.
New-business premiums of private sector companies rose 26% YoY; LIC slipped 1% YoY. At end-July 2020, total NBPs amounted to Rs 230 billion versus Rs 215 billion a year prior.
The annual premium equivalent for the private sector declined 3% YoY at end July 2020. That for LIC, the sole public entity, plummeted 48% YoY. At end-July 2020, total APE was Rs 77 billion versus Rs 116 billion a year prior.
In NBP, private insurers increased their market share from 21% in June 2020 to 34% in July 2020. In APE, private insurers’ saw a second consecutive monthly gain with market share at 47% in July 2020 (42% in June 2020, 32% in May 2020).
Click on the attachment to read the full report:
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.