General Insurance Update - Health Remains Dominant Growth Driver In July: 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
Health insurance premium at the industry-level in July 2021 grew by a strong 43% YoY and 25% month-on-month.
Fire insurance premium too staged robust 20% YoY growth.
Motor gross direct premium income grew 9% YoY during the month. Within it, ICICI Lombard General Insurance Company Ltd. reported flat YoY growth while that by Bajaj Allianz General Insurance was 14.3%. On month-on-month basis, overall GDPI grew 7.6%, in which ICICI Lombard and Bajaj Allainz General Insurance reported 11% and 9% respectively.
Bajaj Allianz General Insurance market share gains across key segments has been noteworthy in July 2021.
Click on the attachment to read the full report:
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.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.