Insurance Sector Update - Covid-19 Linked Claims Remain An Overhang: Motilal Oswal
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Insurance Sector Update - Covid-19 Linked Claims Remain An Overhang: 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

The surge in Covid-19 infections and fatality rates has raised concerns on mortality claims the industry may witness in the coming months.

Most insurers reported a higher claim experience in FY21 and have made provisions to absorb potential claims that may arise in the wake of a more devastating Covid 2.0.

We note that against the total Covid-19 related deaths of ~163,000 reported in FY21, the fatality count has already increased to ~152,000 in FY22 year-to-date.

The claim experience is thus likely to stay adverse over the next couple of quarters, all the more due to delays in the reporting of claims.

Click on the attachment to read the full report:

Motilal Oswal Insurance Sector Update.pdf

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