Private Non-Life Insurers Maintain Growth Momentum: ICICI Securities  
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Private Non-Life Insurers Maintain Growth Momentum: 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

November 2020/FY21-to-date gross domestic premium income for non-life insurers grew 3%/1.4% YoY of which private non-life insurers grew 9%/3.8% YoY while public sector undertaking insurers witnessed a decline of 4.4%/1.7% YoY.

We observe four trends in non-life insurance premium trends:

  1. Strong FY21-to-date growth in health premiums led by standalone health insurers

  2. High but decelerating trend in Covid-19 related claims

  3. Slowly improving auto registrations

  4. Declining market share of PSU insurers

Click on the attachment to read the full report:

ICICI Securities General Insurance Monthly Dec20.pdf

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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 author entity and do not represent the views of BloombergQuint.

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