General Insurance - Premium Grew By ~24% In August, Led By Strong Performance Across Segments: Motilal Oswal

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. .Motilal Oswal Report.Private players reported a gross written premium growth of 18.4% YoY in August 2021 (two-year compound annual growth rate of 13.6%), while the industry posted a growth of 24.1% YoY (two-year CAGR of 17.1%). In FY22 year-to-date, private players’ GWP grew by 14.1% YoY (two-year CAGR of 7.2%). The same for the industry grew by 16.9% YoY (two-year CAGR of 10%).Overall GWP growth was driven by strong performance across all segments, with marine/motor own damage/health/crop growing by 38.6%/11.2%/24.5%/40.4%.  On a FY22 year-to-date basis, Star Health and Allied Insurance Company Ltd. saw the highest market gain of 54 basis point at 4.9%. Among private players, ICICI Lombard General Insurance Company Ltd.’s market share stood at 6.9% (down 40 bps YoY).Click on the attachment to read the full report:.DISCLAIMERThis 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. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

General Insurance - Premium Grew By ~24% In August, Led By Strong Performance Across Segments: Motilal Oswal

General Insurance - Premium Grew By ~24% In August, Led By Strong Performance Across Segments: Motilal Oswal

Choose a plan