General Insurance - Channel-Specific Product Map An Important Nuance: ICICI Securities

General Insurance - Channel-Specific Product Map An Important Nuance: ICICI Securities

Insurance policy form. (Source: Unsplash)

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

General insurance has significant channel-specific product dependency, perhaps more than life insurance. This is a unique feature with nuances, which we try to underline in this report.

Specific channels have always remained relevant for specific products. As such, direct-to-consumer may not always be the best strategy to achieve all-round growth. This holds true more for multi-line insurers who have to draw upon all possible businesses to optimise their growth combined ratio and return on equity.

High market share and profitability of intermediaries like Maruti Suzuki India Ltd. and Hero MotoCorp Ltd. highlight the strength of insurance intermediaries. However, point-of-sale is targeted to increase penetration and has potential to influence the distribution landscape for insurance.

Click on the attachment to read the full report:

ICICI Securities General_Insurance Channel Report.pdf
Read Document

DISCLAIMER

This report is authored by an external party. BQ Prime 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 BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES