General Insurers’ Premium Growth Recovering, Expect Momentum To Continue: ICICI Securities 
An agent selling insurance products to customers. Photographer: Brendon Thorne/Bloomberg.

General Insurers’ Premium Growth Recovering, Expect Momentum To Continue: 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 14.2% / 3.7% YoY in February 2021 / FY21-to-date, of which, private players’ GDPI grew 13% / 6% YoY and that of their public sector undertaking counterparts grew 16% / 0.7% YoY, respectively.

We observe the following trends in non-life insurance premium -

1. Strong FY21-to-date growth in health premiums (Feb-21 remained strong for standalone health insurance),

2. Covid-19 related claims are at manageable levels ($1.86 billion till Feb 25);

3. auto registrations are gradually improving and

4. PSU insurers’ market share is declining.

Click on the attachment to read the full report:

ICICI Securities General Insurance Monthly Mar21.pdf

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