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ICICI Securities: General Insurance Sector Check - Premium Growth Recovery Remains On Track

ICICI Securities: General Insurance Sector Check - Premium Growth Recovery Remains On Track



An employee checks documents (Photographer: Balint Porneczi/Bloomberg)
An employee checks documents (Photographer: Balint Porneczi/Bloomberg)

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

Overall FY21 to date/July 2020, gross direct premium income (GDPI) grew 1.6/18% YoY.

Trend reversal was seen in July 2020 to date growth, as April 2021 to date, May/June 2020 to date witnessed a decline of 11%,10% and 4% respectively.

ICICI Lombard General Insurance Company Ltd. FY21 to date GDPI growth continues to remain negative (3% YoY). July 2020 GDPI growth came in at 5% YoY versus 20% YoY of June 2020.

Bajaj Allianz General Insurance saw trend reversal by registering growth of 113% YoY in July 2020 against decline of 21/22/16% YoY in April/May/June 2020.

FY21 to date growth stood at 14% YoY. Standalone health insurers registered a growth a 23% and 41% YoY in FY21 to date and July 2020 respectively.

Star health reported a robust growth of 42% in FY21TD

Click on the attachment to read the full report:

ICICI Securities General Insurance Monthly Aug 2020.pdf

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