General Insurance - Private Players Outperform In May Led By Standalone Health Insurers: ICICI Securities
A nurse uses a pulse oximeter on a lady at her home. (Photographer: John Taggart/Bloomberg).

General Insurance - Private Players Outperform In May Led By Standalone Health Insurers: ICICI Securities

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

Gross domestic premium income for non-life insurers grew 11.6% YoY in May 2021, of which, private players’ GDPI grew 17.2% YoY and public sector undertaking insurers GDPI grew 4.8% YoY, respectively.

Private insurers (excluding standalone health insurers) grew 9.2% YoY in May-21, whereas standalone health insurers grew by 67% YoY.

ICICI Lombard General Insurance Company Ltd.’s market share increased to 7.6% in May-21 compared to 7% in FY21.

Motor registrations remained weak in May-21 declining by 53-66% across segments compared to April 2021 which was also weak.

Covid-19 claims increased by ~$1 billion in first 14 days of May-21 versus $125 million/135 million in March-21/April-21.

Click on the attachment to read the full report:

ICICI Securities General Insurance Monthly.pdf

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