ICICI Securities: Covid-19 Will Usher Growth; Though Risks Remains Unknown For India’s General Insurance Sector
A person filling out an application form. (Photographer: Shiho Fukada/Bloomberg)

ICICI Securities: Covid-19 Will Usher Growth; Though Risks Remains Unknown For India’s General Insurance Sector

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.

ICICI Securities Report

We hosted Dr. S Prakash, Managing Director, Star Health, to discuss the health insurance situation in India in the backdrop of Covid-19 and the opportunities and challenges for insurers in the future.

While the long-term growth potential remains big, success for health insurers will be driven by combination of technology and medical knowhow. Investment in both these areas will be critical while there are untapped opportunities like outpatient charges.

Fragile non-uniform medical infrastructure along with lack of coherent data remains a challenge for insurers. There is accelerated business growth post pandemic, but Covid-19 remains largely unknown and can pose higher claims. Average Covid-19 claim is 3 times compared to non-Covid claims for Star Health.

Click on the attachment to read the full report:

ICICI Securities General_Insurance Sector Update.pdf

DISCLAIMER

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.